Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > http://shareknow.net/companies resource estimate
View:
Post by coffinraider on May 08, 2011 11:35am

http://shareknow.net/companies resource estimate

Magino Mine ( Ontario , Canada) | Gold | Stage: Resource Estimate | Owns: 100%
Gold
(Source: Apr 4, 2011 News Release; Cutoff grade of 0.35 g/t Au; Costs Added)
  Inferred   Indicated   Measured   Probable   Proven  
  Tonnage          
x Grade          
x Recovery Rate %          
= Recoverable Metal 17,284,072   56,899,566   0   0   0  
x Price          
x Discount Rate %          
= Metal Value USD 830,987,527   2,735,630,217   0   0   0  
/ Shares Outstanding # 184,695,659   184,695,659   184,695,659   184,695,659   184,695,659  
= Gross Metal Value per share USD/share 4.50   14.81   0.00   0.00   0.00  
Comment by coffinraider on May 08, 2011 11:43am
An open pit mine at Magino with mill capacities of up to 15,000 tonnes per day would be capable of producing as much as 150,000 ounces gold per year. The economic assessment will target cash costs of less than $500 per ounce. Underground mining will comprise a separate phase of the mine life.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities