Expert Analysis

Tara Hassan, National Bank Financial (12/30/11) "We are increasing our target price to reflect a much bigger Magino resource for Prodigy Gold Inc. . .the company has issued an updated preliminary economic assessment (PEA). . .with the update incorporating more than 190,000m of historic and updated drilling, the PEA benefits from consideration of an increased resource (up 55.2% to 3.9 Moz Au), expanded annual throughput (20 Ktpd vs. 15 Ktpd), decreased unit operating costs and reduced strip ratio. The proposed mine plan boosts average annual production to 240–250 Koz/year. . .we are increasing our target price to $1.20 (was $1.00); we reiterate our Outperform rating."