Prodigy Gold CEO Brian Maher and James West discuss the Magino Deposit on Midas Letter Money
(Thomson Reuters ONE) -
Brian Maher, CEO of Prodigy Gold Corp. (TSX.V:PDG) and James West, publisher of
the Midas Letter at midasletter.com, discuss the future of the Magino deposit in
Ontario, and some of the great progress that's being made in developing Magino
into a mine.
Recently the company announced a drill intercept measuring a whopping 149 metres
grading 1.49 grams per tonne gold.Prodigy's December 2011 Preliminary Economic
Assessment proposed an operation that would have total gold production of
2,614,000 ounces and an average annual gold output of 249,300 ounces a year
during an eleven year project life.
Click on the image (or link) below to watch the video in a new browser window:
http://www.midasletter.com/index.php/prodigy-gold-ceo-brian-maher-discusses-the-
magino-deposit-on-midas-letter-money
About Prodigy Gold
About Prodigy Gold: Prodigy Gold Inc. (PDG: TSX.V) is currently evaluating the
development of the Magino mine gold project in Ontario as an open-pit mining
opportunity with the potential for deeper, higher grade gold production. The
Magino project contains Indicated gold resources of 2,176,000 ounces grading
1.00 gpt gold (67.6 million tonnes), and 1,721,000 ounces of Inferred gold
resources grading 0.99 gpt gold (54.2 million tonnes) at a cut off grade of
0.35 gpt gold. A Preliminary Economic Assessment (PEA) shows a pre-tax NPV of
$939 million and an IRR of 36% using a 5% discount rate for the project (see
Press Release dated December 22, 2011 and technical report available on SEDAR or
Prodigy's web site).
About Midas Letter Money
Midas Letter Money is the show about commodities, energy, and natural resources
and the public companies who seek for and develop them. Hosted by James West and
distributed to 450,000 installed subscribers to the Thomson Ruters Insider
platform, the show is available at insider.thomsonreuters.com or at
http://www.midasletter.com
Contact: James West
midasletter(at)midasletter.com
(416) 598-9181
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
[HUG#1599862]
Unternehmensinformation / Kurzprofil:
Datum: 03.04.2012 - 16:41 Uhr
Sprache: Deutsch
News-ID 131761
Anzahl Zeichen: 2806
contact information:
Town:
Toronto, ON
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 200 mal aufgerufen.
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"Prodigy Gold CEO Brian Maher and James West discuss the Magino Deposit on Midas Letter Money"
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Midas Letter Portfolio Advisors AG (Nachricht senden)
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