Friday June 22

 

 
 

Symbol: TSX-V: PRZ.V
Company:  Prize Mining Corp.
Price: C$0.27
Shares Outstanding: 47 million
Market Capitalization: C$12.5 M
Cash: $2mil
52 Week Range: $0.21 - $0.4
Entry Price: $0.22 - $0.25

  GoldMau Comment:
 

Prize exhibits the typical consolidation chart that we like.

The stock flatlined at 25 cents through most of 2007. With a false breakout in April, yesterday Prize took out 200 DMA of 26 cents on very decent volume.

Prize is currently focused on bringing its flagship Altin gold project into production by September 2007. Altin is a small-scale project in BC, Canada. What attracts volume to Prize recently is its Ni-PGE Muskox project in Nunavut that boasts 3% Ni over 5.5meters. It is currently farmed out to Silvermet who committed $10 million to the project over the next 5 years for a 70% stake. Drilling is set to start.

Company Contact Info: http://www.prizemining.com
Presentation link: http://www.prizemining.com/s/Presentations.asp

 
 

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