GREY:KXLAF - Post by User
Comment by
Nomad3on Aug 23, 2012 9:21am
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Post# 20251021
RE: so do you all think PDG
RE: so do you all think PDG Price of the stock is meaningless, whats important is the market cap and you need to look at the Enterprise Value. Prodigy has 6million oz of gold at a .3gpt cutoff and about 4.5m oz of gold at a .6gpt cutoff.
Measured and indicated resources have had a buyout value of about 70-150 OZ. Therefore the value of this company on the low side is around 300 million or roughly 1.05/share. This is fair value and will move higher as gold does.