Phoenix Copper Share Discussion Threads

[goldrush] 26/5/2020 16:50

Although not very much traded in USA.....at least a purchase transaction of 2,500 shares has gone through.....it's a start !!

[deuchar] 26/5/2020 16:37

Dont worry pantsonfire I'm still there been there since inception those shares are still under water. Just part of the portfolio.

[trad3m3] 26/5/2020 16:22

Uff what a ride, tempting... but the greed kicks in!!

[pantsonfire] 26/5/2020 15:30

There's been a huge amount of activity here today, so let me summarise for anyone passing through the first time, what this company is about.
I'm not going to post too much detail, as you should do your own research from published information, which is easily available, and then come to your own opinions. It's a new company, but with experienced hands, mining for copper, gold, silver, lead etc, in Idaho. Exploration to date shows about $1 billion in the ground, from the Empire near surface mines, with very exciting possibilities being looked at from deeper mineralisations. They have a large territory, and are today focused on bringing one small and manageable area (Red Star) into production for silver/lead, target start-up for end 2021, capex approx $25 million. This is planned to provide the cash flow to go after the larger resources. They have the cash for the current drilling programme, and are looking to minimise dilution for the construction financing, particularly as the board are all significant shareholders, and have taken a lot of their revenue in share options. On their web front page you will find links to recent research from WH Ireland and Hardman, both must reads. See Look also at the recent video with their CEO on
With their consultant geologist saying that perhaps only 1% of the mineralistions have been discovered to date, they plan to ramp up from Red Star into Empire Mine (with gold and copper), and then go deep. When the drill results start to come in from Red Star (first ones due in June), and subsequently with the NI 43-101 resource they get, shareholders will see much more value in the Red Star project - especially if the drilling of that high grade vein generates a resource in the US$ 500m to US$ 1 billion category.

But please note the Red Star mine is a side issue to the big show, but an important one, as it is being used to get cash flow moving. The main area is Empire, which already has a billion dollar resource, so adding Red Star resource could take Phoenix total resources to circa over two billion dollars (including inferred resources). We need to wait for the Red Star resource to be announced, but.......the drill results will tell us what's possible. Everything I've written is in the public domain, mainly on their site, and if you have difficulty to access, let me know.
Now the people. I like the board, and have trust in them. I know from informal conversations (they invite shareholders to open lunches) that they could see the possibility of this becoming a 10 - 20 bagger, maybe more, I kid you not. Where the share price stands today is unrepresentative of the value this company could give. The core risk issue, in my opinion, is whether the board can take this company into production, and specifically finance the business. I myself have confidence they can do it, and their continuing updates lend credence to that. Anyone interested, read through their literature, watch their videos, and call to the directors. They post their telephone numbers, and are very receptive to talking with both existing and potential shareholders.
I make quite clear I am totally independent of the company, and am just an interested shareholder. Again, this is not advice, and please do your own research.

[seagreen] 26/5/2020 14:35

added a few more market cap vs potential upside off the clock....ten bagger for those with patience....I am sure the x OXUS Gold team are not just here for the copper....although copper price is improving it is hard to fnd a cheap unexposed silver asset with gold to follow

[goldrush] 26/5/2020 14:20

dave4545

Yep the 35k was the trigger.I had a limit top up order in the system but I could only get it placed at 8.01..then I had to go on a Zoom meeting call....45 mins later I came back to all systems go ....Well done to whoever got those.....

As we know there are not too many shares around and some good drilling results should give us momentum.

If we get a sniff of USA Investors getting on board then that would be good news also.....IMHO

[pantsonfire] 26/5/2020 14:14

deuchar did dave (pointing the finger at a Friday afternoon post, whilst looking blankly in the air, as if it wern't me Miss)). I do hope he did not sell.... Do let us know you're still here deuchar.

[pantsonfire] 26/5/2020 14:11

Welcome in Rodders! It's great to have you in the club. In the end, whether 20p, or 30p, I don't think it's going to make much difference. Investorman33 puts up some great posts. He's obviously an analytical accountant, and this afternoon he posted on LSE roughly along the lines, explaining how very shortly we may have resources towards $2 billion, which are not bad for a company valued today at about $15 million! Think of where the share price will be then. And that's before we explore at depth.

[dave4545] 26/5/2020 14:08

Who said the fun was over again on a £4k sale

Told you the mm's were just shaking it down.

[onedayrodders] 26/5/2020 13:55

Gutted it wouldn't wait for me but took a position under 27p

hey ho

[investorman33] 26/5/2020 11:21

Looks like MM's want any stock they can get their hands on - price now 23 bid 27 sell, so 25p share price !

[dave4545] 26/5/2020 10:57

The 35,000 at the open was the buy that triggered the early move

of course by the time they print the trade it shows as a sale

25p paid woo hoo...starting to get exciting..wonder how long before 30p is paid ??

[investorman33] 26/5/2020 10:50

So far today a handful of transactions which net are a sale of the shares - but share price has moved up, currently 22 bid 25 ask so 23.5p.

Think Market Makers got caught out a week or two ago so have very little stock (and it maybe they are taking any sales to build up their own stock at the moment) whilst a succession of buys of only around 5,000 shares each are helping drive the shares up as many/most shareholders are recognising a big upside potential and are not sellers even at the current price.

[tim000] 26/5/2020 10:45

I've bought quite a few today on Pof's gratefully received tip.

[pantsonfire] 26/5/2020 08:48

I've just looked at the buying/selling history. Friday selling £4,000 pushed the price down 7.5% (if I remember correctly), today buy £5,000 has pushed it up over 10%. There may be some hidden sales/buys, but if correct, this shows that when this share gets heard of this share is going to move very fast.

[pantsonfire] 26/5/2020 08:42

I'm not so sure dave. I think that the majority of shreholders here are long termers who see the genuine potential, and are determined to hold out till they have got their 10 bagger. But we've also got our profit takers, who when they opt out depress the share (cf Friday), since there are not that many shares in circulation. But these are quickly scooped up (like today), it is now on a long term trend up, and despite the short term bumps it's going up and up....

[dave4545] 26/5/2020 08:13

Out of the trap this morning so must be a delayed buy which we might have to wait a while to see.

[onedayrodders] 24/5/2020 22:52

Yep I've read one .. need to read the other.

Hope to join the PXC club next week or the week after depending on very risky short term trade coming off elsewhere... hope it's before the good news starts to flow here.

ODR

[investorman33] 24/5/2020 22:09

Rodders

Glad you are a believer, but worth reading the WH Ireland and Hardman reports to get a decent overview of Phoenix as part of your research.

Plenty of newsflow to look forward to, hoping to hear the next drilling results (first of 20 next holes in Red Star in a couple of weeks.

[onedayrodders] 24/5/2020 21:49

Jurisdiction, all true ... however, same could have been said of AAZ a few years ago.

ALTN (1.5p) have only just received some major new equipment following bank loan funding.
So the revenues you quote will hopefully be in the rear view mirror and its all about the next quarterly production report and consistent growth. I believe ALTN are 70% family owned so aligned with all shareholders.

Got to spread the love and not put all eggs in one basket.

No need to sell Phoenix to me .. I'm a believer.

ODR

[investorman33] 24/5/2020 14:44

Rodders

Some jurisdictions such as Kazakhstan have big political risk, and political risk fundamentally means you can lose all or part of your investment (and I've got the scars to prove it) - Idaho USA is the exact opposite, probably most mining friendly jurisdiction in the world.

And Altyn has just published results showing revenues of US$15m (down from $20m previous year) so a long way away from 100,000 ozs of gold pa.

Phoenix via Red Star project should have revenues of more than double Altyn's current revenues directly it goes into production (2021) providing drilling continues to show same kind of resource that first 3 holes did (highly likely as drilling is along a known vein system where surface samples has shown good grades) - drilling results will be announced from next month onwards with resource announced Q3 after which US$ 25m will be easy to raise.

After that there is the much bigger Empire project with a billion dollar resource, should be easy to finance once Red Star is in production throwing off circa $10m+ pa, (or maybe even $20m ish pa) free cash flow.

[onedayrodders] 23/5/2020 19:37

pants... Good post and unreal potential here should the drilling results come good in the next weeks and months. I'm interested in the early silver play here as want to increase my silver stocks.

I own a long established producer IMPACT SILVER (IPT) to gain instant leverage to the price of silver, but wanted and explorer with a small market cap and exciting short term drilling and path to production.

I've only seen one similar opportunity to PXC in terms of tiny market cap compared to prospects and that is ALTN, they are all tooled up after recent loan finance and a great turnaround story and already a producer targeting 100k ounces per year of gold.
Company recently said their prospects and share price are at an inflection point.

ODR

[onedayrodders] 23/5/2020 19:23

I think a few may be chasing the Covid winning lottery tickets short term.

Not invested here yet ... on my watchlist

ODR

[pantsonfire] 22/5/2020 15:35

The Covid situation has turned our world upside down. I wonder if there is a “silver lining” for Phoenix. Let me explain. In times of massive expansion in money supply, people turn to gold, since printing money surely leads to inflation, whilst gold will hold its value. And this is a long term impact, which won’t kick in immediately, but which is pretty much inevitable.
Meanwhile, I’ve been taking a look at the long term trend in gold to silver ratio (just google it to see). The peak was reached last month at about 114, and has already come back to 100. If this dropping trend continues, and the ratio drops to something nearer the 100 year average, of about 60, whilst Gold holds its own, or even increases, then Phoenix is sitting on a proverbial gold (and silver) mine. Look at the Hardmann research by Paul Mylchreest, issued this week, and in the investment summary, it states “PXC’s share price is highly geared to the upside thesis for silver (and copper), with each $1.00/oz adding an estimated 6.2p-6.3p/share̶0;.
This is a back of the envelope calculation here, with many assumptions, which I feel are reasonable in these unusual circumstances, but if gold reaches say $2,000 dollars/oz, and we arrive at the long term average Au/Ag ratio of 60, then that will place Ag at $33, and the consequent share price from the above formula at approx 85p. Note that this excludes any benefit from copper, or indeed from the wider resources, which let us not forget have a value of approx $1 billion even as we sit here and muse. If gold goes higher, then the gold resources become even more valuable.
In these difficult times, I suspect that this share may give one of the best returns available in the market.

[dave4545] 22/5/2020 15:06

Doubt the fun is over on the back of one £4k sale and a big shake...the mm's do this all the time but when the stock runs dry they always run for cover