Although Pretium's Brucejack project is just a stone's throw away from Seabridge's KSM, in all the ways that matter these project are truly worlds apart. KSM's large-scale surface operation remains sub-economic (or at best barely economic) even at today's elevated gold prices, while Pretium's small-scale underground mine promises hearty, low-risk returns on a much smaller outlay of capital. But don't let the relative small scale of the proposed mine at Brucejack mask the operation's meaningful bounty! If you're wondering how Pretium will produce significant volumes of gold from an operation that would be 98% smaller in scale than that envisioned by Seabridge Gold just next door, the answer lies in Pretium's extraordinary gold grade.
Agreed the tonnage is large, but the grade is low (unlike Pretium's high grade). Costs will be higher to bring a low grade deposit into production. Difficult to sell and risky to buy a large low grade deposit.
Future looks uncertain.