GREY:KXLAF - Post by User
Post by
Nomad3on Aug 08, 2012 3:42pm
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Post# 20195630
Marshall Auerback acknowledges PDG
Marshall Auerback acknowledges PDG Director of Pinetree mentions PDG in the gold report
Prodigy is a very good example of the risk/reward of the junior gold market. The first preliminary economic assessment (PEA) outlined a pre-tax net present value of 8% of $709M. The company recently raised more than $40M at
.80/share and
.95/share in flow-through capital, despite trading below
.60/share. The market cap is around $160M.
Prodigy's deposit is in a very stable jurisdiction. I do not see the Ontario government expropriating assets, and Wawa is as safe as any place in the world right now. It has infrastructure nearby. The deposit is unlikely to provide any great technical challenges. For whatever reason, it is underappreciated. A new resource and PEA expected later this year will probably provide near-term catalysts to give the stock good momentum. Prodigy is a standout among its peers.
https://www.theaureport.com/pub/co/3542?utm_source=delivra&utm_medium=email&utm_campaign=Gold%20Finalstreetwise-reports%2008/08/2012%2015:01:42&utm_term=PDG%3a+PEA+Should+Boost+Stock