Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Prodigy CEO Brian Maher on updated Magino Project PEA
Prodigy Gold Inc TSXV:PDG announced an updated preliminary
economic assessment for its Magino Gold Project in northern
Ontario.
The report assumes a gold price of $1,200 an ounce and estimates
resources to be 74.23 million tonnes grading 1.15 g/t gold
with a strip ratio of 2.1:1.
The pre-production capital cost is estimated at $405.6 million.
The mine life is estimated at 11 years averaging 249,300 ounces
gold annually, totalling over 2.61 million ounces at an average
cash cost of $461 an ounce.
At a 5% discount rate, the project is calculated to have a
pre-tax net present value of $939 million.
At an 8% discount rate, the NPV comes to $709 million.
In the base case scenario the internal rate of return
is 36% with a payback period of 1.9 years.

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by canucklehead80' on ' Prodigy Gold Inc. (TSX:PDG
thanks good Au info

http://www.prodigygold.com/

God Bless