GREY:KXLAF - Post by User
Comment by
Ahsanon Apr 14, 2011 11:52am
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Post# 18430990
RE: SP movement
RE: SP movementthe problem with this news release is the grade. these are not good grades at all. at least 10g/t or something. 1g/t or 2g/t is hardly significant. width is good but the grades are horrible. not to mention that the production is probably not going to start till early 2012 and plus the markets are going down which is adding more pressure on the ask side. i just dont see this stock moving at all.
from the news release
A full feasibility study for the proposed open pit mining project at Magino is scheduled for early 2012. Bringing the Magino mine project through the feasibility process and towards production, coupled with the exploration potential of our Beardmore-Geraldton exploration properties, are the catalysts to growing Prodigy Gold and building substantial value for Prodigy shareholders: Today's Discovery, Tomorrow's Future.