Prodigy Gold Inc KXLAF

RE: Prodigy Gold to option 100% of Hardrock East p

[muffin17]

I think this is a good deal for PDG.  Goldstream gets control of the complete project but we get 30% ownership in all of Goldstream's properties or 30% the whole goldstream company.  I think we will be hearing more about this deal down the line.
In the meantime it will allow PDG to focus all resources on meeting the aggressive development plans for the Magino project.

With a i.8 year payback period as per the PEA with gold at $1000 I am expecting the company simply borrow the money to develop Magino.  If gold goes back to the $2000 level they could repay the loan in one year.  If the new resouce estimate and BEA are improved significantly, (which I fully expect they will be) the payback period could be shortened significantly.
 Needless to say I have done my dd on this gem of a company and have been adding on any weekness.

I believe we are looking at an Osisko with the open pit economics, but without having to move a town and establish any infrastructure as predominantly it is all there.  Even the enviro and mining permits should be straight forward as this mine project was in operation years ago.

Good luck to all here who have held the shares tightly.  Although given the extremely low trading volumes for PDG I think most folks already know that PDG is a gem that is being polished.

Muff