Replies to post #222 on Pretivm Resources Inc. (PVG)

[gharma]

Be very cautious about any conclusions from an analysis based on cash costs per ounce. Arguments based on the new guidelines for a (nearly) uniformly defined "all-in sustaining cash costs" are better, but one must still adjust these. Arguments using cash costs per ounce can be close to meaningless, there is so much cap ex and costs of the company omitted.
Not trying to cast doubt on PVG, just on some views expressed in that article.
JMO

[Tommy]

$PVG - Pretium Resources Inc.: Bulk Sample and Exploration Drilling Update

http://www.pretivm.com/news/news-details/2013/Pretium-Resources-Inc-Bulk-Sample-and-Exploration-Drilling-Update/default.aspx

... "ANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2013) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report additional underground drill results from the Valley of the Kings Bulk Sample Program (the "Program") currently underway, as well as additional exploration drilling in the Valley of the Kings extending beyond the area of the Program. Assays from both Program and non-Program exploration underground drilling continue to confirm the projection of high-grade gold mineralized domains, with numerous intersections encountering gold grading over 1,000 grams per tonne. (See Table 1 below for assays.)

Selected drill highlights include:

Hole VU-201 (Exploration hole) intersected 6,550 grams of gold uncut over 0.50 meters;
Hole VU-219 (Program hole) intersected 698 grams of gold uncut over 2.97 meters including 2,340 grams of gold uncut over 0.50 meters and 1,805 grams of gold uncut over 0.50 meters;
Hole VU-221 (Program hole) intersected 66 grams of gold uncut over 13.00 meters including 1,675 grams of gold uncut over 0.50 meters;
Hole VU-239 (Exploration hole partially intersecting Cleopatra Vein) intersected 195 grams of gold per tonne uncut over 9.29 meters including 2,140 grams of gold uncut over 0.50 meters and 1,425 grams of gold uncut over 0.50 meters." ...