Prodigy Another one has gone today,Pdg was bought for 57$/ oz on a fully diluted basis...I do not know if the word cheap is the best to summarize the transaction, but it seems that since the purchase of Trelawney by Iamgold,prices continue to go down even with gold prices up.(If we forget today)...
Trelawney has managed to get about $ 80 an ounce, even if 90% of the deposit was in the inferred category.
PDG got $ 57 an ounce with 95% in the Indicated category.Both have the same grade (about .87 g/t)and are located in the same region(Northern Ontario).
We can not obviously compare these two deposits with that of Ole.The grades are two times higher for the whole project and I'm pretty sure the cost of labor is quite lower in Africa than in Northern Ontario.But I wonder if it is still realistic to expect to get above $ 100 an ounce...OK,let's say 100$ because there 's a mill on the other side of the street,and they want us desperately and lovingly...So,217 millions$ (our part of the 5 million onces) to be divided by the number of shares on a fuly diluted basis.With the options, we should be given a good 160 million shares.....1,35$ is good enough for me,it remains just a to know if at this price RK will have the means to continue his little contest..