RE: RE: Prodigy $Au/oz Oh, since you bring up RR, this was posted on their board recently:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=RR&t=LIST&m=31115307&l=0&pd=1&r=0
Basically compared RR to NKL. NKL has 12 million ounces of PGM+Au. This is about 9 million equivalent gold ounces, between 1 and 2 g/tonne. Good, not great. But throw in the close to 5 billion pounds of Nickel, Copper and Cobalt in that same ore, and Good suddenly becomes Great. Instead of 14 Billion in situ equivalent gold ounces, you now have close to $50 billion in situ metals. Top it all off with a $112 million market cap and a PEA due any time this month and something special could be about to happen for NKL.
RR has triple the market cap of NKL and a smaller resource.
PDG, what is PDG at now? $170 million? For how many gold ounces? How many billions of pounds of base metals does PDG have?
Sounds cynical doesn't it. I do like PDG, but my other stock just seems so much better - if only it wasn't constantly being manipulated down. Well, I'm sure once the PEA comes out, the tree shakers will shove it back up and start selling all of those uber cheap shares they've just ripped from weak NKL hands.
Oh, as a comparison, or two, Prophecy Platinum (NKL) has as much Nickel as Sherritt's Madagascar property. Has equivalent gold ounces with a value of about $5 per ounce in situ. Vs $32 you say for PDG. Both still well below the industry average of $60 per ounce in situ.
There are a handful of other companies with lower in situ gold values. AMG for one seems to be valued at about a dollar fifty per ounce if you can believe it. I don't know if their low grade will ever see production, but come on, $1.50/oz Au!!!