Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Canaccord Genuity (2/24/12) "Prodigy Gold Inc.
issued an aggregate 50.7M shares (common and flow through)
at an average price of CA$0.84 per share,
for gross proceeds of CA$42M;

the financing is expected to close on March 5, 2012. . .
the company is now financed for 2012 with an estimated
CA$69.5M in working capital.

For 2012, PDG expects to complete Magino’s Feasibility Study
in 2H12, formalize consultations with First Nations and
complete required environmental studies and submit the project
description to the Ontario Ministry of Northern Development,
Mines, and Forestry."
by Wendell Zerb,

The Gold Report (2/22/12) "One of my favorites is
Prodigy Gold Inc.

The company is developing the Magino deposit in Ontario.

Its Feb. 3 updated PEA increased its resources and projected
profitability. . .it just announced
another 60,000m of drilling and will issue a full feasibility
study late this year updating the gold resource based on that
drill program.

It just keeps getting bigger and better.
There is no longer much doubt that this will become a mine.
At this point, it has Indicated gold resources of more than
2.1 Moz at 1 g/) and 1.7 Moz Inferred.

At the end of the day, if it puts those Inferred ounces into
an Indicated category, you are looking at a deposit of
more than 4 Moz, going into production with a 250 Koz/year
production rate over 11 years."
by Interview with James West

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