PRX 25.0% 0.3¢ prodigy gold nl

leverage through exploration and pog, page-134

  1. 14,471 Posts.
    lightbulb Created with Sketch. 4223
    “throw in one timely announcement regarding drill/trenching results could quite easily push this to .062c to fill the gap”

    I would think the first veins to be trenched (and results reported on) will be (from first few paragraphs of the announcement on 3 May 2012) the one that extends the “western limb veins under cover to the north and south (current results include 102 metres strike length averaging 32.62g/t gold open to the north and south).

    Extending Old Pirate South (eastern limb) to the north to link current known vein strike length of 69 metres averaging 49.9g/t gold with a 62.6g/t gold rock chip in an outcropping vein 200 metres along strike.
    Testing a second Old Pirate South vein not yet included in the resource where previous selective rock chip sampling results included grades up to 2163g/t gold, 1111g/t gold and 108g/t gold.”

    Obviously average grades won’t be anything like as high as the selective rock chips, but does anyone want to hazard a guess as to whether the market is likely to like the first few sets of results?
    I’m not just guessing what I think; this is why I have starting buying again.
    When I have been saying I expect significant additions to the resource of at least 50% near term (and same for cash flow and upside to min 8c target based on current resource to 12c; I am not just making wild statements based on nothing but hope.
    The evidence is there for anyone that wants to look.
 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $7.937M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $541 269.9K

Buyers (Bids)

No. Vol. Price($)
35 59600137 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 105207093 45
View Market Depth
Last trade - 15.59pm 15/11/2024 (20 minute delay) ?
PRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.