PRX 0.00% 0.2¢ prodigy gold nl

Ann: Quarterly Activities and Cashflow Report, page-43

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  1. 1,746 Posts.
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    Not many happy vegemites on this thread at present including me, due to the gold & share price, so i thought i would give us all something to contemplate. Exploration is now underway at the Vampire, Casa, Bandit, Bandit South, & Black Cat Prospects, all within easy distance of the central discoveries. Some have outcroppings with visible gold, others have an anomalous gold footprint. If any or all have a minable resource then that's great news for ABU. There are several ways to look at this. One large open pit resource is cheaper to mine that several pits, IE more machinery/personnel are required for multiple pits, but then again if ABU has the expertise to fine tune their production from multiple pits they should be able to balance their production forecasts by doing the required pit cutbacks in one area while mining another area & visa versa. Its all about continuous production now. Eventually shallow drilling will have to take place between the various deposits to sterilize the the ground remembering that ABU have found payable gold by accident while preparing drill pads, but that's in the future. We have an amazing set of discoveries, we just need to have all of our ducks lined up, hopefully soon.
 
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