14:43:51 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Pretium Resources Inc
Symbol PVG
Shares Issued 116,828,081
Close 2014-10-30 C$ 5.29
Market Cap C$ 618,020,548
Recent Sedar Documents

Taylor says buy Pretium Resources

2014-10-31 18:00 ET - In the News

Jay Taylor, in the Oct. 15, 2014, edition of Gold, Energy & Tech Stocks, says buy Pretium Resources Inc., recently $6.22. Mr. Taylor said buy four times between Jan. 17, 2011, and June 19, 2013, at prices ranging from $6.45 to $15.55. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $2,649. Pretium took a big hit last year after Strathcona Mineral Services declared the entire resource at its Brucejack project in B.C. to be invalid. Mr. Taylor finds it hard to understand how Strathcona could have made such a false conclusion, as subsequent bulk sampling results and an NI 43-101 resource estimate indicated the exact opposite. At Brucejack's Valley of the Kings deposit, Pretium outlined 8.7 million ounces of gold measured and indicated, and 4.9 million ounces inferred. Pretium followed up with a feasibility study, which projected 7.27 million ounces of gold production over an 18-year mine life at an all-in cash cost of $448 an ounce. Mr. Taylor warns that a significant amount of risk still exists until production starts, especially the $750-million capex Pretium needs to raise. If gold turns bullish like the editor predicts however, now is a good time to buy this stock.

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