PRX 50.0% 0.3¢ prodigy gold nl

3.3 million ounces gold in resources, page-14

  1. 83 Posts.
    I am quite happy with 3.3m oz upgrade. It doesn't seem like there was any "buying of the rumour" in the past few weeks. Hopefully now that the upgrade has come in so will the buyers. It's a shame the sell-side built a bit of resistance today - it really could have gone a bit further. But I am optimistic on the coming weeks/months.
    The bit I also liked was: "Furthermore, the maiden Inferred
    Resource at Hyperion has provided us with an additional potential near term development opportunity."
    Obviously Old Pirate is shaping up to be the company maker (as it will bring in the first cashflow), but Hyperion had some good grades also, with room to grow in size. I think management has to concentrate on getting some ore through at tanami, and keeping the market updated on how that MoU is progressing. The SP reflects our expectations for future cashflows. The closer they are to earning some revenue, the more the SP is going to reflect that.
    Anyway, good luck to all holders. Fingers crossed today's announcement has been noticed by some deep pockets.
    G$
 
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