PRX 20.0% 0.3¢ prodigy gold nl

Ann:

  1. 4,296 Posts.
    lightbulb Created with Sketch. 1232
    Am I seeing thing's or is this stock way undervalued and flying completely under the radar?

    It ticks the boxes for me on MANY levels and has all the right ingredients for success in my opinion.

    Experienced management. Good top 20, 1m oz at 2g p/t resource with exploration potential, massive strategic land holding in Tanami gold province, JV deals with several majors, 10 million cash and assays for aircore on large scale targets in lab now.

    This reminds me of Degrey/DEG in it's infancy moire than anything else on the ASX currently.

    https://hotcopper.com.au/data/attachments/2475/2475438-fcd5e55c951b0213f8efc93f4bfa8dc5.jpg
    https://hotcopper.com.au/data/attachments/2475/2475441-a7bd9d72ad0e036b3a715475912e3258.jpg
    https://hotcopper.com.au/data/attachments/2475/2475445-03676ee8c995a397f6bd8c54d813b287.jpg
    https://hotcopper.com.au/data/attachments/2475/2475450-e01bceb831164a03a6f47f826a2c7ecd.jpg
    https://hotcopper.com.au/data/attachments/2475/2475453-cde23fcfba43d5dccc33a40b67c595c7.jpg
    https://hotcopper.com.au/data/attachments/2475/2475490-1539d6886e544c8c8e4b79d6c84359df.jpg
    https://hotcopper.com.au/data/attachments/2475/2475492-469f053b4f78f1c8887cee51ea3c9dda.jpg

    My opinion. DYOR!!


  2. 1,706 Posts.
    lightbulb Created with Sketch. 221
    The history of PRX has been littered with disappointment. I've been a holder for 6 or 7 years now and I know many on this forum have been here much longer. It's not much use having a 1Moz reserve if no one is willing dig it out if the ground. Their move into a gold producer at "Old Pirate" was an utter disaster. Most holders would be well down on their initial investment so I find it strange that people make comments like yours that the company is undervalued and flying under the radar. Sure if we finally discovery a significant deposit the company would re-rate however until that day I'm afraid that the share price is stuck in it's current range. IMO DYOR

 
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