Investors are catching on......new consolidation around $6.50-$.7.00
Lot's of interest from industry experts.
Expert Comments:
The Gold Report Interview with Louis James (5/28/14) "One company at the top of my potential takeover list is Pretium Resources Inc., Bob Quartermain's company in British Columbia that has one of the biggest, high-grade deposits in the world. There are very few million-ounce-plus deposits that are such high grade. This one has more than 10 Moz of Measured, Indicated and Inferred ounces. It's the sort of project that produces robust margins, such as the very robust 35.7% internal rate of return in the company's preliminary economic assessment (PEA). This has to be a very interesting target for potential shoppers like Goldcorp, which lost the bidding war for Osisko and now has about $3B burning a hole in its pocket." More >
The Mining Report Interview with Jeff Wright (5/27/14) "Pretium Resources Inc. has the Brucejack project in British Columbia. It is a large-scale project that successfully completed a bulk sample at the beginning of 2014. That size and scale stand out from the basic junior or even mid-cap company. It's going to be a mine with high-grade, high-production and low-cost metrics. That's what we're looking for. Work on the permitting is ongoing and, while that's not the sexiest thing to do in any business, it's certainly a necessity. Permitting is a long process. It's not something that's up on horizon in the next quarter or two, but it's definitely one of the biggest gating items to move that project forward. We're looking for some updates toward the end of the year. Pretium is going to have to update the feasibility study, which could be a catalyst. We don't anticipate the update to the feasibility study being revolutionary. The project has been fairly well defined at current gold prices, and it's still very positive. The information we got back with the bulk sample and the metallurgical work that was associated with it had positive results. A lot of those concerns and considerations have worked themselves out to the company's favor. The next step is the permitting, updating the feasibility, and coming up with a plan to either organically put the project in production or put itself into play for acquisition." More >
The Gold Report Interview with Charles Oliver (5/19/14) "Pretium Resources Inc. is among my top holdings. . .I visited Brucejack in British Columbia last year. It's a "nuggety" project that's difficult to model. It takes a lot of drilling to get that necessary level of confidence. Last year the company processed a 10,000-ton bulk sample that produced around 6 Koz or about 0.6 ounces per ton. In February, Pretium sent another 1,000-ton sample to the mill and it produced around 3 ounces gold per ton. The important thing to look at with this company is that there is lots of gold underground; the model still needs work to figure out how best to mine it. Pretium is proceeding with further studies on Brucejack, but I think it will be a mine. It's also a potential acquisition as it is high-grade deposit in Canada." More >
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