PRX 33.3% 0.2¢ prodigy gold nl

You seem to have read my mind a bit there Helmenesh but I'll ask...

  1. 14,444 Posts.
    lightbulb Created with Sketch. 4193
    You seem to have read my mind a bit there Helmenesh but I'll ask this anyway;

    Who has seen anything like this discovered recently? Visible gold not just in quartz veins but at GH visible gold in the shales between veins?! Head grades well in excess of 20g/t being achieved from veins running along the surface (with an average grade of 18g/t). All this extremely high grade ore has excellent metallurgy with high recoveries from a simple very low capital cost and low operating cost gravity recovery plant. Also add to that the obvious exploration upside not just within the OP area but also the area surrounding it with high grade veins like Bandit at 1.7kms from OP.
    Did anyone notice the head grade at GH? Resource grade is 16.3g/t but head grade came in 56% above that at 25g/t. Keep in mind that GH is made up of multiple stacked veins with shales in between so dilution management is much more limited here. They have to take the quartz and shale together. Therefore the higher head grade may suggest the resource grade is understating the true grade by a large margin for GH.
    25g/t from surface here over wider mining widths. Anyone want to have a guess at how low cash costs will be on that? My guess would be $100-200/oz with AISC not much higher ($200-300/oz).
    This whole operation will pay back the current mc in around two years of just stage 2 mining IMO. There are no other miners I can say that for.
 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(33.3%)
Mkt cap ! $6.350M
Open High Low Value Volume
0.3¢ 0.3¢ 0.2¢ $1.852K 846.2K

Buyers (Bids)

No. Vol. Price($)
27 53806795 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 90477143 46
View Market Depth
Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
PRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.