Prodigy Gold Inc KXLAF

Facts are...

[red911]

$11M in cash (i.e. no PPs)... 18,000m of assays pending (1000s of m's of drilling completed)... PEA due in April... Bankable feasibility by Q1 2012.
Magino is a 2M oz Au deposit (open-pit to start) that is likely only going to get bigger in the coming months.
PDG market cap is only about $80M... 3-4-5M oz Au deposit deserves a market cap of much more.
All this will keep momentum going here for a while yet IMO.
red911

[hrattle]

PDG market cap is only about $80M...Magino has 1.2 million ozs indicated (1 gpt cut-off) at $30/oz in the ground + 330,000 ozs inferred at $20/oz = $42.6m177 million shares in issue = 24 cents per share.That is what Magino is worth given what we know. The market might add a few pennies for the other properties (there was some buzz about Wildgoose) and the cash - the rest 10-12 cents per share is a

[red911]

And they don't have 18,000m of assays pending - they need to drill this first.Dude they started drilling in January and have had 3 drills operating for some time.  They may not have the entire remaining 18,000m pending but there are 1000s of meters of assays pending and drilling is ongoing.    Reserve numbers are not what drive the share prices or market values of exploration

[coffinraider]

Your Facts. Not the facts. Again you are mistaken. Prodigy Reports Indicated Gold Resources of 1,924,200 Ounces and Inferred Gold Resources of 587,100 Ounces at Magino https://www.prodigygold.com/_resources/news/NR_2011_02_28.pdf

[hrattle]

Again you are mistaken.Read the NR not just the headline. My numbers are at 1 gpt cut-off not the uneconomic number in the headline. Perhaps this is why the PEA will not be to 43-101 standards as they will use uneconomic cut-offs?(And for you to say "again" means you think I was mistaken before - read what I post - none of it is mistaken, I have always said GGR is a wholly owned

[coffinraider]

Wholly owned by Prodigy Gold .

[hrattle]

Dude they started drilling in January And by 25 Feb they had drilled 1,836m of their 20,000m program,leaving 18,164m to go. By now they may have drilled another 1,000m. This is Magino alone, I believe they are drilling elsewhere - Milestone and Wildgoose - but I haven't checked this, so they may have pending assays from these. That just about throws all of your calculations out the

[hrattle]

Wholly owned by Prodigy Gold .Duh!!! This is what I said in my first post: "The mineral rights to Magino are still held by GGR - which is a wholly owned subsidiary of PDG."Are we arguing because you can't read....

[coffinraider]

DUH is right , PDG is the controlling entity. Perhaps you should elaborate on what you think and what it means for the company and shareholders.Do you think GGR holds a percentage or is even a listed company anymore or just what do you think anyway.

[hrattle]

...just what do you think anyway...I've spelled out clearly what I think.ALL THIS TALK ABOUT PDG BEING A NEW COMPANY IS SPURIOUS GARBAGE - just as useful as the fact that GGR holds the rights to Magino. You and mellow/jdf litter the board with garbage about "forgetting the past" because PDG is a "new company", well KXL was all about hype (we know that now) - don't you

[coffinraider]

Where is it documented that the former GGR holds the rights to Magino ?    (its bs)You are going to have a tough time linking us up with that one. The ball is in your court.

[hrattle]

Where is it documented that the former GGR holds the rights to Magino ?NEWS RELEASE TSX.V  PDGProdigy and MPH Resources Sign Option Agreement on Magino Extension Vancouver, British Columbia, February 9, 2011.  Prodigy Gold Incorporated is pleased to announce that it has signed an option agreement with MPH Resources Corp. that allows Prodigy to earn up to a 100% interest in

[coffinraider]

As I've said , Prodigy owns Golden Goose at the Magino property.The Magino property is held by Prodigy's wholly-owned subsidiary, Golden Goose Resources Inc.Looking at a ministry claim map bordering crown lands and Algoma rail held lands , Golden Goose does retain mineral rights to the lands north of the magino mine with assessment due in 2013 . No information can be given on Prodigy

[coffinraider]

Let me correct and re-phrase my original request . hrattle , the only thing that matters is what if any percentage does GGR retain outside of warrants documented in the filings.?  GGR shareholders are now PDG shareholders. Back in your court. 

[RODBUSTER]

sorry coffin, just having fun with the wack job JDF/mellow/mellow99/Savadoral/NormanBuick etc etc etc............

[hrattle]

the only thing that matters is what if any percentage does GGR retain outside of warrants documented in the filings.?Who cares??? You are creating a strawman. I've said nothing about shareholders.You just don't get this do you? What I have posted is not a negative in any way at all. But you guys seem to just see things as pumping or bashing and if it is not a rah-rah post then it must be