Alice Tsang
Prodigy Gold Inc
PDG-X
TOP PICK
Aug 31, 2012
This is the Margino gold mine north of Sudbury. Very economic project. Recently had an update resource for close to 6 million ounces of gold at .95 g per ton. Mineralization is quite compact. There are a few things they can actually improve the payback period. Very attractive valuation. She can see a double on the stock.
If they can continue with their grades and expand the deposit it is going to be a very good stock. It's not there yet, but early expectations are quite spectacular. Very early stage.
Some interesting properties. Facing the same problems of a lot of juniors. Junior juniors need to come up with money for exploration so he is not keen on them.
Where Geraldton project has had some great assay results. Getting over 5 g of gold, which is always nice to see, but is still in the phase of delineating the resource and getting the 43101 that can be proven to be economic. The good thing is that costs for gold are coming down so margins are expanding. This is one he would add to a basket of junior exploration golds.
Ramped up expectations on some veins they were finding, which is why the stock went up so high. The mineralisation was very erratically distributed. Doesn't think it is a very economic deposit.
Continuing to drill so 6 months out there will probably be a larger resource. However, there might not be a market. This is an heirloom stock in that you can buy and just put on the shelf for 5 years.
This is the Margino gold mine north of Sudbury. Very economic project. Recently had an update resource for close to 6 million ounces of gold at .95 g per ton. Mineralization is quite compact. There are a few things they can actually improve the payback period. Very attractive valuation. She can see a double on the stock.