PRX 20.0% 0.3¢ prodigy gold nl

Ann: Quarterly Activities and Cashflow Report, page-95

  1. 11,817 Posts.
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    Great point SALT, I think in all seriousness that it would be viewed as market sensitive information in regards to the grade hitting the expected 10.9g/t. I wonder if the admission that the company is now producing commercially is hinting that the lock up is decreasing and higher grades are starting to be seen and hence grade reconciliation is actually occurring or getting close? (but too early to call it a done deal)

    I just keep looking at these two slides and feel that ABU is actually close to what it aims to achieve, especially when the costs are actually pretty close, except for the grade (which, as above, if they start to match up, will mean ABU is going to make good money).

    costs.jpg

    Lots of gold to be dug up...

    gold.jpg

    The quarterly's lack of detail I almost guarantee it, should explain the high costs to come in the next quarter, perhaps they are going to pre-strip Old Glory, perhaps they are going to start expanding the tailings dam... any of these things could be on the go, but DH clearly rushed out the quarterly. If I was running an $80 million dollar company, I would take all the time I need to provide the market with information. sigh.
 
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