I'm not sure of the timing of these results but it seems reasonable they will come close to coinciding with permitting. At that point it may be very difficult for the naked shorts to keep this stock down.
Would be nice for final permitting to show up on the heels of that update. Nailing down financing should kick the project into high gear ASAP.
Coulda been TNLP I guess.
Could have been another spammer I guess.
This AM's presentation is being archived on the Pretium site as we speak. Financing and exploration were to the two primary areas of interest for me and I came away feeling good about both. In fact, the exploration potential of this property could be staggering.
In the mean time it appears PVG's management team is very well position to hit the ground running in terms of constructing the mine once permitting and financing are finalized. It will be very interesting as to WHO/HOW financing is achieved.
Just sent a personal email to Jim Sinclair pointing this article out and asking a couple of questions as to why others haven't led him in doing it and why companies haven't stockpiled ore. If we don't start calling #$%$ on this process when do we become complicit?
This is exactly what we need to see from PVG and every other explorer/producer out there. I'd like to see every producer start stock-piling a good percentage of ore until fair pricing is forced back into the market.
Could it be we're just seeing the tip of the iceberg in terms of exploration? Infill drilling makes absolute sense in defining the deposit where actual production will occur but once the mine is up and running it will self-fund further exploration. There's a lot of hectares left yet.
Final permitting and financing have been/are on the docket. I've been mulling the idea of who our financiers will be and what that will mean to the share holders. The obvious partner would be Zijin but there may be some political resistance to a China based outfit. Sprott is the guy that keeps popping up for me. He's a billionaire that manages precious metals investments for some big movers and shakers. A significant piece of his philosophy is hold physical silver and gold, whether it be in actual ownership of the metals in coin or in the ground through stock ownership. With him being Canadian and millions coming in to invest in the market wouldn't it make a great deal of sense to be a financing partner?
It's June and the clock is ticking for start up. Who's coming to the dance once permitting is achieved?
Was it Penny Stock Superstar that someone was complaining about being a complete rip off?
I don't know about "asking" for anything more but the fact is this is a huge mining concession that still has lots of room for exploration. Could it be there's a lot more to the story, a lot more to be discovered?
Let's say you suddenly find yourself with $30 G's, gifted out of nowhere. Where do you put it where it's safe, safe as could be achieved these days? Treasuries? Are you kidding me? Housing? Is there a bubble in housing? Is the general stock market still near all-time highs? Gold, silver, cash for land (maybe)? How about shares of miners with proven assets in the ground and an extraction price that nearly guarantees profit? Gee, that sounds like PVG.
From an amateur but long-time stock holder perspective it seems the high-grade Kensington decision will result in much lower production costs. Ultimately this means to me that once PM prices start taking off the profit per oz will be maximized. Taking comments from Edmondaronson it appears a similar vein is appearing in a repeating pattern in other mines. In other words, it appears to me that CDE is becoming lean and MEAN.
I've been riding this horse so long I'm bow-legged. If the manipulation ever ends it may be worth the ride.