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I am not understanding your post.
Pretium Resources Inc.: Resource Expansion Drilling at Brucejack Intersects More High-Grade Gold Mineralization in the North Block Zone
https://stockhouse.com/news/press-releases/2021/06/15/pretium-resources-inc-resource-expansion-drilling-at-brucejack-intersects-more
I have followed this position for years. This stuff is old, but still pertains. When Mp sold their interest the contracts remain in force and they are paying Dwogs operating expenses up to I believe it is $32,000 a month. I would have to look it up to get an exact figure, but that is very close.
How many barely trading penny stocks have this deal?
http://deepwelloil.com/news_rel/DWOG%20PR%202014-04-22%20Operations%20Update%20Final.pdf
Farmee has paid all required cash calls relating to the authority of expenditures ("AFEs") for the first phase of the SAGD project as required by the farmout agreement. Under this farmout agreement the Farmee agreed to provide up to USD $40 million in funding for the various first phases of the SAGD project, in return for a net 25 per cent working interest in 12 sections of where Deep Well has working interests of 50 per cent. The Farmee will also provide monthly funding to cover operating expenses of Deep Well.
https://finance.yahoo.com/news/deep-well-operations-120000198.html
The Farmee has paid all required cash calls relating to the authority of expenditures ("AFEs") for the first phase of the SAGD project as required by the farmout agreement. Under this farmout agreement the Farmee agreed to provide up to USD $40 million in funding for the various first phases of the SAGD project, in return for a net 25 per cent working interest in 12 sections of where Deep Well has working interests of 50 per cent. The Farmee will also provide monthly funding to cover operating expenses of Deep Well.
I feel sorry for the next future victims, but I see it all the time. Folks do not heed warnings until it is too late. That is why scams succeed.
Wow, they still have not drilled a single hole? I used to flip this thing years ago. I figured they would have either made some progress or gone under by now. I see the same fluff prs as before and 0 progress. Good luck to all.
PureGold Mining to Present at Virtual Investor Day IV - June 8-10, 2021
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/776-tsx-venture/pgm/100631-puregold-to-present-at-virtual-investor-day-iv-june-8-10-2021.html
Here is a blast from the past. SOR of 2.1 is phenomenal and far surpassed the projections.
Deep Well Announces SAGD Project Update
February 24, 2016 – 08:00 ET
EDMONTON, ALBERTA - (Marketwired) Deep Well Oil & Gas, Inc. (and its subsidiaries – "Deep
Well" or "Company") (OTCQB: DWOG) is providing an update for our Steam Assisted Gravity
Drainage (“SAGD”) oil sands project at Sawn Lake, Alberta, Canada.
DWOG holds a 25% working interest in the demonstration project, which commenced in 2013
located at Sawn Lake. The demonstration project consists of one SAGD well pair drilled to a
depth of 650 meters and a horizontal length of 780 meters and the SAGD facility for steam
generation, water handling, and bitumen treating. Steam injection commenced May 21, 2014,
production commenced September 16, 2014, and the steam chamber reached the top of the
Bluesky sandstone formation in October 2015.
This project is a significant step towards establishing a commercially viable SAGD project at
Sawn Lake and to demonstrate that the SAGD process works in the Bluesky reservoir. It is also
providing an indication of the productivity of the reservoir and the amount of steam injection
required to produce the bitumen, which are key components in assessing the potential for
SAGD development at Sawn Lake.
The demonstration project commenced production in September 2014, and has successfully
captured the key data associated with the objectives of the demonstration project. The
demonstration project has:
• demonstrated that the SAGD process works in the Bluesky formation at Sawn Lake,
• established characteristics of ramp up through stabilization of SAGD performance,
• indicated the productive capability and ISOR, of the reservoir and
• provided critical information required for well and facility design associated with future
commercial development.
Production in 2016 at the Sawn Lake Demonstration Project has reached a steady state
production level over the past six weeks of 600 barrels per day (“BOPD”) (150 BOPD net to
DWOG) with an instantaneous steam-oil ratio (“ISOR”) of 2.2 from the one SAGD well pair.
Production, on a 100% basis, averaged 596 BOPD with an ISOR of 2.2 in January and has
averaged 620 BOPD with an ISOR of 2.1 during the first 21 days of February.
While I dont expect a miracle, I do think the next quarter will be a huge improvement over the last. The stock price should really start moving up then. JMHO
They will restart production when they feel it is the right time. There is a discount for heavy oil and that affects DWOG. They should not restart production until they have a good margin with some cushion for fluctuation in oil prices.
I totally agree, and believe me I have accumulated.
Nice.
I can not believe Warren is talking about another acquisition at this point. Digest the last one, and get your balance sheet in order first.
They keep hitting good grades. This one may take a while, but it will get there.
Thanks for the charts.
Wow, I am scratching my head. I cant find any reason for this .49 drop today. I guess I will buy a few more.
PureGold mine enters final stages of ramp-up https://www.mining.com/puregold-mine-enters-final-stages-of-ramp-up/
Looks like ET is doing well.
I dont see the transcript posted here yet, so here it is.
https://seekingalpha.com/article/4426971-mcewen-mining-inc-mux-ceo-robert-mcewen-on-q1-2021-results-earnings-call-transcript
McEwen Mining Reports Upbeat Exploration & Delineation Results
https://markets.businessinsider.com/news/stocks/mcewen-mining-reports-upbeat-exploration-delineation-results-1030408428
Pretivm Records First Quarter 2021 Operating and Financial Results; On-track for Annual Guidance, Continues to Deliver High Free Cash Flow
https://www.yahoo.com/now/pretivm-records-first-quarter-2021-215900940.html
I do like the Divi, but I only have about 20% of what I have had in the past.
I have been involved in my other non stock investments and have not looked at this for a while. Pleasantly surprised.
Nice. Glad to hear you got filled.
Pretium extends Brucejack high grade mineralization below current mining levelshttp://www.canadianminingjournal.com/news/pretium-extends-brucejack-high-grade-mineralization-below-current-mining-levels/
I trust you got your shares when it took that dip to $1. At least I hope you did not miss it.
Yes, it is crazy. I have seen this many times though. When a new mine has any problem on startup and things do not go exactly as planned they get dumped and trashed. All will be fine in a short time. I now have a little over 2x what I planned on buying and am happy to have them.
VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release first quarter 2021 operational and financial results after market close on Tuesday, May 4th, 2021. The webcast and conference call to discuss Q1 2021 will take place Wednesday, May 5th, 2021 at 9:00 am PT (12:00 pm ET) and can be accessed at www.pretivm.com.
Just checking in. No news lately that I can find.
The price of oil is going to need to rise and stabilize before thay fire back up. It may take a few more months, but it will get there imho.
Yes, they just wanted some more something for nothing.
I keep hearing people talk about complications of K1. I use taxact every year and it seems simple enough to me. It may be that they have simplified it in their forms.
I was not expecting that news until May. Good news though.
Welcome, it has been a while since our paths have crossed, but I remember you from a couple of other boards. Pure gold has stumbled on startup, as many new producers do, but they have good management and excellent assets imho.
I know the feeling. I hated to see the price tank, but it gave me the opportunity to raise my position by 33.3%.