PRX 0.00% 0.2¢ prodigy gold nl

notice received 09:54 , page-14

  1. 2,623 Posts.
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    "his deposit looks very capable of being the next best thing to one .". Potentially so, however with a MC >$150M already for an exploration company, it is well valued, compared to many exploration peers with MC's $40-60M. While you can argue all day about which ounces are better, it is easier for a $40M company to double than a $150M company. IMHO hard market at the moment too doesn't help (take PEX for example 69m @ 4% copper, SP fell), will turnaround for gold explorers once POG breaks up through some resistance barriers. Currently POG could go either way, though fundamentals say up.
 
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