PXG

PXG has 1.3 million oz of Au and has just signed an MOU with KMC to process its ore at 300,000 tons per year. At average 1.3g/t of Au, that would generate at least 10,000 oz of Au. PXG's market cap is $17 million. POG is around $1800 per oz. If the cost is USD$800 per oz, then you are looking at around AUD$10 million net revenue per year for a company worth $17 million.

My calculation must be wrong for this stock to be so cheap!