Replies to post #27325 on Value Microcaps Junior Miners

[silver100]

PVG basically flat now. Increased costs are not a surprise. They just last week closed a private placement of 1.25 million flow-through common shares of Pretium at a price of $18.50 per flow-through share for aggregate gross proceeds of $23,125,000. Raising money is not a problem, at above market price. That's the kind of dilution I can live with. It's necessary and not a surprise - not like some junior explorer issuing shares to line CEO pockets and drill more worthless holes. The PEA also still has gold at $1100 - I think they'll be selling it for more than that!