PRX 20.0% 0.2¢ prodigy gold nl

“So what are we learning?”Probably the most significant thing...

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    “So what are we learning?”
    Probably the most significant thing learned is that mining dilution is well below what was allowed for in the scoping study and the jorc estimate. I.e. head grade is much better than what was given in guidance to the market.
    That means stronger gold production numbers during commercial production through any particular sized plant.
    Probably no surprises for head grade from what is currently known now but a big improvement on what most analysts would have assumed prior to the trial mine. This will have a big impact on annual revenues, cash costs per ounce and overall profitability which would at least partially offset any new lower POG assumptions the analysts are likely to have currently.
    Also we have learned that despite the nugget effect increasing the risks to the jorc estimate, trial mining points to a likely undercall of the jorc grade and possibly contained ounces.
 
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