Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Prodigy Gold's lead project is the advanced Magino mine project,



located northeast of Wawa, Ontario.
Prodigy is currently evaluating the development of
Magino as an open-pit mining opportunity with
the potential for deeper, higher-grade gold production.

http://resourceclips.com/groups/prodigy-gold-inc

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).

A Preliminary Economic Assessment (PEA) of the project
shows a pre-tax NPV of $939 million and an IRR of
36 percent using a five percent discount rate and a
US$1,200 gold price.

The proposed operation would have an average
annual gold output of over 249,000 ounces a year
during an eleven-year project life.

Total gold production is estimated to be
2.61 million ounces at cash costs of approximately
US$461 (CAD$496) per ounce.

Please note:
mineral resources that are not mineral reserves do not have
demonstrated economic viability.
A full feasibility study for the proposed open pit-mining
project at Magino is scheduled for completion in 2012.
Bringing the Magino mine project through the feasibility
process and towards production, is a catalyst to growing
Prodigy Gold and building substantial value for
Prodigy shareholders.

MANAGEMENT
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Brian J. Maher
President, CEO
Tony Wood
CFO, Corporate Secretary
Fred Mason
Vice President, Operations
Tom Pollock
Vice President, Exploration
Dr. John Thomas
Chief Consulting Engineer
Note: Directors not included


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God Bless