PRX 0.00% 0.2¢ prodigy gold nl

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    Wipeoff, interesting question for people to discuss. I like to think of ABU as a 'blue chip' exploration company, meaning while you are unlikely to lose 90%, you probably won't make a 10 bagger. It is high grade, at surface and cheap to recover a high % of gold. If they succeed in producing 100koz in first year, market cap could be $800m (4x from here). Since last year they have a scoping study, increased resources, better testwork and new results not yet in resource. This could go $250-300m on continued drill results and 1M OP resource. However it won't go much higher than that until production starts, proves resources reconcile positively (or at least equal) to plan. ABU have a lot of cash. I would prefer more rigs now testing and expanding more of their regional targets to add tangible value to the company. Currently these are upside only. With low capex at OP, they could easily fund this with dept so could spend more drilling regionally.
 
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