Pretivm Resources Inc. (PVG)

[Alvie]

Company produced 82,203 oz gold during the quarter but only sold 55,413 oz for $71MM

Under steady state conditions, which should be realized in the current quarter, sales should approximately equal production.

If that were the case in the last quarter the company would have realized another $34MM of revenue, or nearly 50% more.

With the exception of sales, transportation and royalty costs, a majority of the $34MM would have flowed through to the bottom line, increasing earnings by some $0.10-0.15/share

Note, too, that in future quarters the average grade processed will be higher, further increasing the earnings/share, possibly to as much as $0.25/share JMHO