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PPX Mining Corp V.PPX

Alternate Symbol(s):  SNNGF

PPX Mining Corp. is a Canadian exploration and development company with assets in northern Peru. The Igor Project, the Company's 100% owned property, comprises four of concessions of about 1,300 hectares and is located in the prolific Northern Peru gold belt in eastern La Libertad Department. The project is part of the Oligocene - Pliocene Gold-Silver Epithermal Belt. The Company is engaged in concentrating on the expansion and development of the Callanquitas structurally controlled high-grade gold and silver mineralization while simultaneously evaluating the potential for bulk-mineable, low-grade gold and silver mineralization at Tesoros and Portachuelos, targets that can expand the precious metal resource base at Igor. The Igor Project is a district scale project with the potential for multiple gold and silver deposits. Its subsidiaries consist of Sienna Minerals S.A.C. and Agraria Huaranchal S.A.C.


TSXV:PPX - Post by User

Comment by ccrfmacon Oct 08, 2020 6:29pm
172 Views
Post# 31693360

RE:Processing Plant?

RE:Processing Plant?I don't think they have one. This may be the reason for the recent agrreement with Inca One (IO) which happens to have 2 processing plants in southern Peru. I gues the high transportation costs from Trujillo to Arequipa can be offset with the high current gold price. With the income they wil get with from this deal, they shou have enough money to acquire a proceesing plant without any problem. My only concern is the lack of news and clarity from PPX about these issues. After the company didn´t trade for a while due to management's fault, this lack on news doesn´t restore market's confidence in management. I wonder how is possbible that large shareholders support this situation and are not looking for a change. Management really sucks rigth now. The Board should be looking for a change. Does someone know who are the largest shareholders of PPX?
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