Here's a summary of recent analyst comments. GLTA
Joe Mazumdar, Haywood Securities (8/23/12) "Prodigy Gold Inc. announced that the global resource at the Magino gold project increased (+50%) with a higher proportion in the Indicated category (95% Indicated versus 55%). . .the resource update is a positive step in the development of the Magino gold deposit as it presents a ~5 Moz of global resource with importantly 95% in the Indicated category, which will form the basis of the preliminary feasibility study."
Morning Coffee (8/21/12) "Shares of Prodigy Gold Inc. moved higher after the company released a new NI 43-101 mineral resource estimate for the company's Magino gold project in Ontario. The new resource contains an Indicated resource of 5,808,690 oz gold (203 Mt grading 0.89 g/t gold) and an Inferred resource of 300,164 oz gold (10.3 Mt grading 0.91 g/t gold) at a cutoff grade of 0.35 g/t gold."
Don Blyth, Paradigm Capital (8/21/12) "Prodigy Gold Inc. announced a substantial update to its resource base at its flagship Magino asset in Ontario. At a 0.5 g/t cutoff grade, the deposit now hosts 5.03 Moz Indicated resources and 0.26 Moz Inferred resources, a 52% increase in total resource ounces (contained gold) vs. the prior estimate (November 2011). . .we were pleased with the substantial growth in resource ounces. . .we believe this is positive from a valuation standpoint and, more importantly, the larger size puts Magino into the category of 'strategic assets.'"
Michael Gray, Macquarie Capital Markets (8/20/12) "Prodigy Gold Inc. released a revised resource estimate for its 100%-owned Magino gold project in NW Ontario, Canada. At a 0.5 g/t cutoff, the Indicated and Inferred resources are 4.5 Moz at 1.19 g/t Au. . .a 71% increase in resource ounces with only an 11% reduction in grade is a positive; the 0.5 g/t cutoff resource will likely be used in the prefeasibility study. . .we note a modest 11% decline in grades still meets expectations. . .we reiterate our Outperform rating and our CA$1 target—we believe the 4.5 Moz Magino gold deposit, with its excellent infrastructure and Canadian location, is well positioned."
Brian Szeto, Stonecap Securities (8/20/12) "Prodigy Gold Inc. has announced an updated resource estimate at its Magino project. . .total global resources now stands at 6.1 Moz (at 0.9 g/t gold), which represents a 56% increase relative to the company's previous resource estimate at Magino of 3.9 Moz (at 1 g/t gold). . .Prodigy has once again surpassed our expectations."