Valuation Estimateshould be worth a marketcap of at least 390 Mio CAD... let´s wait for the revised PEA and the most likely takeover offer.....
factsTotal resources (Indicated and Inferred)have increased to 3.9 Moz Au
PEA coming soon
Open-Pit
additional growth is likely; Prodigy hasoutlined a number of areas of upside
feasibility in Q1 2012estimated commissioning inQ315
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Tara Hassan, National Bank Financial(11/3/11)"Prodigy Gold Inc. issued an updated global resource estimate for itsflagship Magino project (Ontario), posting a notable andlarger-than-expected increase. Total resources (Indicated and Inferred)have increased to 3.9 Moz Au, up 55.2% over the February 2011 estimate. ..given the substantial increase in resources, we expect the companywill evaluate an expansion of the proposed open-pit project. . .despitethe sizable boost in resources, additional growth is likely; Prodigy hasoutlined a number of areas of upside within and around the pit as wellas the Lovell Lake area as potential areas for resource additions. . .wereiterate our Outperform rating."
Morning Coffee(11/3/11)"Prodigy Gold Inc. has released an updated NI-43-101-compliant mineralresource estimate for its flagship Magino mine gold project in northernOntario; management highlighted that during 2011 the company more thandoubled the gold resource at Magino. Using a 0.35 g/t gold cutoff, theMagino deposit contains Indicated gold resources of 2,176,000 oz grading1 g/t gold (67.6 Mmt) and 1,721,000 oz Inferred gold resources grading0.99 g/t gold (54.2 Mmt)."
Joe Mazumdar, Haywood Securities(11/1/11)Prodigy Gold Inc. presents the investor with an opportunity to invest ina "local" play (Magino gold project in northwestern Ontario) leveragedto the global events that we believe will return gold to its long-termpositive trend into the future; the opportunities exist to rerate theproject through derisking and adding resource. We have modeled a~200-Koz-per-year gold production profile at a cash cost of $510–515/ozover an 8-year mine life at the Magino gold project. Life of minepayable gold production of 1.63 Moz will be sourced from anowner-operated, open-pit operation. . .we estimate commissioning inQ315."