PRX 0.00% 0.3¢ prodigy gold nl

sydney mining club presentation, page-42

  1. 1,117 Posts.
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    As a Geo, I thought the presentation was top drawer. Darren essentially sounds like a man is very practical and not afraid to buck current industry trends of resource estimation and ways of valuing a project.

    It's important for investors to understand that Mineral Resource estimates for gold projects are almost ALWAYS wrong - sometimes catastrophically so. It's a question of opening the orebody up and finding out just how wrong you are. Of course this point is usually always conveniently glossed over in feasibility studies with slick presentations, and confident sounding predictions of xxx tonnes per year @ xxx grams per ton.

    To hear an MD challenging what are industry accepted practices is refreshing, and quite remarkable, and perhaps was lost on some members of the audience and posters on the thread.

 
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