Opinions
Rick Rule
Pretium Resources
PVG-T
COMMENT
May 12, 2017
Stock price when the opinion was issued
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A lot of people outside still don’t know if the head grade they are proposing in the feasibility study, is actually what is going to come up. That is one reason why the asset, head grade of 50 g, has not been taken over by anybody, and had to be funded by private equities because other companies are still uncertain if the grade is going to be real. That might take a while.
The Bruce/Jack project north of Stewart BC. In their final stages of construction, with 13 km left to go on the powerline. This will be a very interesting mine to follow. The geology is complex because it has a high-grade nature to it, and is a little nuggetty. If this works, it will become one of Canada’s important gold mines.
(A Top Pick April 28/16. Up 27%.) Building an incredibly rich grade gold mine in BC. The findings are spotty, and it could be tricky geology. In a strong gold price market, it is extremely attractive. Thinks it will get taken out because it has a substantial asset and is very close to having it in production.
He has been in and out of it over the years. The project is built and in operation. It always takes time for these large projects to work right. It takes a year plus. There is an update in April. He hopes it works out. If they fail it will set the industry back. He is on the sidelines for now.
A first-class company. Very quickly they’ll be boring gold. His suspicion is that like most mines, when they turn it on, it won’t necessarily perform to expectations. A very high quality deposit and is led by a mining legend, Bob Quartermain, who is had 4 previous starts and been successful every time.