Q: Hi 5i, would you please take a look at PPX, is it buyable now, they are almost completing the equipment being installed by PPX Mining Corp. at its Igor gold and silver project in Peru, specifically ball mills as part of the project's grinding circuit. I think it is a very important milestone. thanks
5i Research Answer:
PPX has had a huge run this year as it futhers development of its mine. We agree recent steps are positive. It has also adjusted a royalty agreement and raised about $2.5M. Insiders own 20%, and market cap has surpassed $100M which can generate new interest. Because this was a 2.5 cent stock less than a year ago it is not one we have followed too closely. But things are definitely moving in the right direction.