Prodigy Gold Inc KXLAF

Substantial increase is coming with 43-101

[bil40]

Expert Analysis

Brian Szeto says a substantial increase is coming with 43-101

Brian Szeto, Stonecap Securities (6/29/12) "Prodigy Gold Inc. announced new drill results. . .the weighted-average gold grade of these latest drill results came in at 0.99 g/t gold, which is basically in line with the average grade of the resource of 1 g/t gold. . .we continue to expect that the resource update will result in a substantial increase in the ounces at the project where it currently sits at 3.9 Moz. In addition, if a resource of greater than 5 Moz is delineated, there is a good chance that the company will look to increase the size and scope of the project to beyond the current 250 Koz/year."

Tara Hassan, National Bank Financial (6/28/12) "Drill success continues at Prodigy Gold Inc.'s Magino. . .we continue to be encouraged by the 2012 drill results with the latest results continuing to demonstrate consistency of mineralization and potential for higher grades, particularly in shallow areas of the deposit which could benefit the initial years of operation. Highlights: 1.05 g/t Au over 153 m, 0.92 g/t Au over 205m including 1.65 g/t Au over 83m, 3.4 g/t Au over 39m including 24.75 g/t Au over 5m and 1.09 g/t Au over 84 m. . .expect Magino's resource to grow with the July update."

https://www.theaureport.com/pub/co/3542