Phoenix Global Mining is in the process of restarting the Empire copper mine in Idaho. PGM is conducting a Bankable Feasibility Study (BFS), with completion due in Q1 2020. The current resource focuses upon the shallow oxides, but PGM believes the real value lies at depth with the sulphides (of which it believes only c.5% of the geological system has been explored). Further upside exists from additional gold, silver, lead and zinc byproducts. PGM stands to benefit from a multi-metal suite and
30 Jan 2019
Initiation of coverage: taking flight
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Initiation of coverage: taking flight
Phoenix Copper Ltd. (United Kingdom) (PXC:LON) | 13.2 0.1 6.0% | Mkt Cap: 19.8m
- Published:
30 Jan 2019 -
Author:
Charles FitzRoy -
Pages:
16
Phoenix Global Mining is in the process of restarting the Empire copper mine in Idaho. PGM is conducting a Bankable Feasibility Study (BFS), with completion due in Q1 2020. The current resource focuses upon the shallow oxides, but PGM believes the real value lies at depth with the sulphides (of which it believes only c.5% of the geological system has been explored). Further upside exists from additional gold, silver, lead and zinc byproducts. PGM stands to benefit from a multi-metal suite and