PXA a good play at this priceBreakdown the positives and negatives.
Positives
Drilling into a property that has never been drill trsted but is known to have a higher grade veined system.
first 3 holes indicated gold from top to bottom and increasing at depth.
Right next door to Newmont which has all the infrastructure in place. Meaning they don't need a huge deposit to make this viable.
A project that has just started and a marketcap of just 2 million
A clear exit strategy.
A management that controls most of the stock and is taking down mist of the current PP
Negatives
Hasn't closed PP which is needed to complete drilling
First 2.5 holes didn't impress the market
Lack of strong hands buying stock
To many day traders
Conclusion
Worth a buy at this level