GREY:KXLAF - Post by User
Post by
daw2on Feb 24, 2012 7:10pm
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Post# 19583449
The Gold Report (2/24/12)
The Gold Report (2/24/12)https://www.theaureport.com/pub/na/12669
Mark Raguz and his colleagues at Pinetree Capital are looking at the junior resource sector with renewed optimism. In this exclusive Gold Report interview, he names some of the plays that are fueling that sentiment:
".......TGR: You have many positions in small-cap companies seeking gold in Northern Ontario. Which ones does Pinetree believe are well positioned to perform in 2012?
MR: I really feel that this jurisdiction is one that is occasionally mistakenly overlooked; I really like Northern Ontario as an exploration jurisdiction. Prodigy Gold Inc. (PDG:TSX.V) delivered consistently, with a 40,000 meter (m) infill drill program in 2011. It both reduced its strip ratio and added ounces. This equated to a very robust preliminary economic assessment (PEA) in December 2011. It has outlined another ambitious 60,000m drill program for 2012. It will be a mix of drilling for resource delineation and resource expansion. This provides Prodigy Gold the potential to increase ounces heading into a Q412 feasibility study. A recent financing left it well capitalized; it has four rigs turning now and is trying to source three more. I think it's a great story."