Pretivm Resources Inc. (PVG)

[gharma]

A couple points . . . As I understand it the gold recovery from the part of the bulk sample processed is still unknown. The content (not the part recoverable) was almost twice as high based on the whole milled sample compared to the limited tower samples of Strathcoma, that is true. The gold grade of the whole milled sample still came in below the cutoff used by Snowden in their feasibility study, meaning it is waste, without economic gold at 1350/oz.
I agree that the risk/reward looks enticing here at the moment, but I also feel that there will be some time before the dust has settled, before the price of gold pulls the 3 year average to improve the feasibility economics, before the lawyering and its potential costs become a known, before the pissing game between the engineering firms settles, before big money is ready to weigh in on the share price, etc., yet the project in the meantime will need cash to continue to flow in to maintain its past burn rate.