PRX 0.00% 0.2¢ prodigy gold nl

ann: processing of high grade ore, page-59

  1. 2,621 Posts.
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    I've been looking through the recent anns to see if DH has put up at least a nominal timetable for 100koz but it looks like he hasn't said anything specific.

    Is that right or have I missed something?

    I realise that we're (a) waiting for the mining licence and (b) taking a staged approach (and I'm good with all that) but has there ever been a suggested timeframe, eg "by end of 2014" or something like that?

    I'm trying to do some projections on the basis of 5-7 year life of mine at 100koz, based on the current 700koz reserve which I realise is likely to be exceeded. I'm also only including the high grade OP stuff.

    If they get to 100koz I still get a minimum doubling of the market cap even if the gold price drops back to $US1000, but knowing the time frame would be useful.
 
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