PRX 0.00% 0.2¢ prodigy gold nl

No new info at all, apart from knowing how much cash the company...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 54 Posts.
    No new info at all, apart from knowing how much cash the company has.

    $13.5 million in the bank.
    Estimated cash outflow is $15.75 million. For the company to make money that they need to sell 10,500 ounces at $1500. Probably a tough ask as two of the open pits are yet to start mining the high grade gold. So im not expecting a great report in the sep Q. I imagine the Dec Q will have signifcantly less costs as $6 million spent on mine devolpment will be signifcantly reduced, while revenue will be up with a full Q of mining high grade gold and a fully functioning and commisioned plant.
 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.