PXG

http://www.proactiveinvestors.com.au/companies/news/22394/phoenix-gold-lifts-jorc-resources-to-168-million-ounces-22394.html


Here is another crazy one. No, it is not 168 million oz but 1.68 million oz. But even at 1.68 million oz, how does the market value this stock at under AUD$20 million? FIIK! (F.... if I know!) The final amount of resource is not announced yet. And it is already a producer but using other company's facility to process their ore.

POG is still over USD1600 per oz. Go figure how much 1.68 million oz is worth. Most gold production costs under USD$1000 per oz. You really wonder why the Chinese haven't taken over this stock yet! It is so cheap! But no one is listening....