PRX 0.00% 0.2¢ prodigy gold nl

Ann: Mining Contractor Selected & Mobilisation Commencing, page-27

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  1. 1,828 Posts.
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    Hi all

    Just looking back at the announcement on 30/9/14. "Production guidance 1st year".
    Production 50/60,000 oz.
    AISC $750-$870. Probably at the lower end of that estimate now. Lower wages, diesel etc.
    Importantly gold price in A$ was just under A$1,400. per oz. Now A$1,650 per oz.
    Thats a massive margin.
    I would like to see them hedge some ozs and of course aim to increase production asap.
    Happy days ahead I hope.

    Cheers.
 
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