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0.00% 0.2¢ prodigy gold nl

peers - lets look at Australian emerging gold development...

  1. CashedUpBogun
    8,323 Posts.
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    14/06/13
    11:26
    Post #: 11885890
    peers - lets look at Australian emerging gold development plays:

    MYG 20m
    GOR 23m
    PXG 37m - has cashflow from stockpiles and pits
    TAM 43m
    ABU . . . 82m!!!

    Even with successful trial mining, which will deliver cashflow, dont expect any re-rating in this market.

    PXG is a great example to compare with - it has cashflow, substantial drilling and feasibility studies in the goldfields no less. MC is still only 37m.
    ABU Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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