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Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > PDG in strong position
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Post by goodtoreadthis on Aug 04, 2012 3:47pm

PDG in strong position

Dr. M Berry did an overview of world gold deposits and here is his statement

From an initial list of 1,896 companies they identified 212 entities and 439 gold deposits
hosting over 1,000,000 ounces in all categories representing a total of 3,015,542,164 ounces of
gold. That’s 3 billion ounces of gold that have been identified, in all categories of course. 189
of these projects are currently producing mines and 250 projects are in some stage of
development.
The average grade of undeveloped projects was .66 grams / tonne while the average grade of
producing projects was 1.06 grams per tonne.
 

PDG at Magino has a big and rich deposit so it is just a matter of time.

Comment by BrahmaViddo on Aug 04, 2012 6:13pm
Magino ranks #179 out of 439 deposits in the world.. and #51 out of 164 deposits over 1 million ounces owned by juniors.. overpretty darn good.. Ranking will get better after they release the updated resource estimate. http://www.nrh.co.il/i/pdf/NRH_Research_2012%20World_Gold_Deposits.pdf
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