Phoenix Copper. Share Price (PXC)

This presentation is on the Hub

Very useful overview and recent (June 24 update)

worth a watch imho

https://www.youtube.com/watch?v=JzZrq45tGKo

About time they got the comms sorted. A single point of reference will be useful. Hopefully the output is good enough. PXC are getting there aren't they, one step at a time.

Live on the website:

https://investors.phoenixcopperlimited.com/

Https://www.proactiveinvestors.co.uk/companies/news/1050902/phoenix-copper-lists-110mln-of-corporate-copper-bonds-on-tise-1050902.html

Good morning london_

It was my post over on ADVFN. 38.5p warrants should expire tomorrow. 2nd drawdown of $5m will be happening on/around tomorrow.

Re equipement purchases: From the RNS from 19.3.24, "The Company will continue to source additional pre-owned equipment in order to further improve the Project economics. However, Phoenix does not intend to update the market on all future equipment purchases, unless they materially affect the Project's economics.". So, I don't think we are going to hear much via an RNS re these.

Re PFS: my understanding is that a PFS is, amongst other reasons, to secure finance. Finance for building the mine is now secured. From reports from some who attended the AGM, I think we will receive an economic analysis instead, prepared to the same exact standard as the PFS would have been.

If you look on the NIU Invest website, and look at their news release from 15.5.24, you will find the following: "Whilst the company is making strong operational progress in multiple exploration projects, the reserves of Empire Open-Pit Mine alone are projected to generate revenues of approximately USD 550 million and EBITDA of approximately USD 250 million over its expected mine life of around 8 years. These EBITDA calculations have been performed by NIU using publicly available information, adhering to market standard assumptions and industry comparisons."

As I posted over on ADVFN, on 27.6.24 @ 07:40, point 3, a new approach to communication is about to be launched. Much of the information re equipement etc will likely be via the expected new website/Investor Hub, with a Q/A section that will be kept up to date much more frequently than the current out-of-date website.

I believe the mine build will be/is progressing at pace, and Ryan clearly knows exactly what needs done and when. I'm expecting at some point in late summer/early autumn that we will hear that the permit application will have been re-submitted.

Read the NIU Invest news referred to above from 15. 5.24. I am convinced (though few others are!) that we will hear something about M&A. One of the main drivers will be for Phoenix to get into production as soon as possible, possibly before Empire. From the news post mentioned above, this is important, IMO: "Simultaneously, we are engaged in active negotiations for other promising deals to expand our portfolio further. The allocated funds will be used to accelerate the pre-mining operations of Empire Open-Pit Mine as well as fuel non-organic growth opportunities in the copper mining sphere."

FWIW, it's my further buy of 30,000 @ 19.9p yesterday. I could not believe the opportunity. Of course, I said the same thing at 40p. DYOR, as always. Have a great weekend!