October 27, 2011 12:26 pm
For anyone who is interested, PDG is an excellent near term production junior which is trading at 0.63 today. PDG near term catalysts include:
Updated 43-101 resource calculation due by end of October 2011. Infill drilling (40kmetres) within the open pit ore body has been hitting significant cross sections and grades since spring. These drill results will all be incorporated into the new resource calculation.
Mine site is near Wawa Ontario, so politically stable, with all infrastructure in place as the resource body is on an old mining camp.
Existing PEA shows the mine developement is economical at $1000 gold with 1.8 year payback. Updated PEA is expected in December 2011 incorporating engineering enhancements and updated resource numbers.
Excellent BOD lead by Mike Phelps .
PDG should do very well over the immediate and near term. Check out the website and the corporate presentation. As always do your own dd b4 investing.