Pretium Resources Inc. Message Board
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Well I saw this crash coming when it was around 11.50
Another way to know it was going lower was the recent article on 5th Feb saying PVG was among Eric Sprouts top picks, now why would someone bring that to our attention, if Sprout and his gang were not looking to get out and dump it on the average Joe? Sprout is a lousy investor who has to go on conspiracy shows and spend millions in advertising on yahoo and other sites to get traffic towards his investments because his game is the pump and dump, that is how he made his money. He took it from people just like you who asked themselves how did he get so rich, he must be a great stock picker, I will do what he tells me to buy...
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If current eval is any indication, this stock will be $40 in the not so distant future...
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The market cap did not appear to adequately discount project risk, visa vie the project NPV, in my opinion, given risks of Pretiums proposed mine (as envisioned).
Permit risk is always a consideration, and they're assuming they can get thru BC and Ottawa in 9-12 months before they plan on undergoing construction? That's aggressive.
I'm becoming more interested in this one as it falls further, since I do not hold any of this one (yet) but it will be 2015 or longer before any commercial mining occurs at Brucejack.
Good luck.- 2 Replies to ultraific2
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Missperception of risk creates profit opportunity. Would you mind expanding briefly on what you would consider fair value for PVG at this point? I am not so familiar with PVG anymore, last time I looked at it in detail was early 2012 when it was around $15-16/share which was also supported by the recent high in gold price, I think that had a significant effect on PVG's market cap to the upside, not because of project risk changing but because expected rises in potential returns by bandwagon people.
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I agree, production is a couple of years off...But if you wait until production begins before buying it will likely be at a much higher price...I don't think it's time to buy yet..Thinking the bottom will be near $8.30 or so, but I also think it will begin moving well before actual production
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