Pretium Resources (PVG.TO)

His concern is that the COO (Chief Operating Officer) left at the same time there was a news release that they had reduced the capital. His worry is that the COO left because he didn’t want to own the capital estimate.

One of the most controversial names on the street. Very high-grade, very nuggety, absolutely spectacular sort of rock. If you want to sell a company, you have to go through the motions of bringing on the people to build a company. And you have to be willing to build that company and develop it. Looking at the property right now, there is existing infrastructure from mining that occurred in the 1980s in an adjacent area. It’s not going to be a big operation. Something that is very manageable to put in place. If they develop it, great. There is a very good chance that someone will acquire it.

Deposits of that size and grade are extraordinarily rare. He thinks the presence of gold is more important than the distribution. Sprott has become substantial holders.

Has an exploration project in British Columbia. Their consultant quit and the data following this indicated that they do not have an economic project there. If a consultant quits and indicates you do not have project, he is not sure why you would want the stock.

Quitting consultant gave stock a big down draft. Not a dividend paying stock. They need capital to build the mine and if they issue stock it is at the lower price. Selling is a matter of why you bought it. Maybe this is an entry point.

Run by guy who built SSO. Very high grade deposit in Northern BC. The stock will be soft through the BC election. After that this will be a really interesting stock to follow.

Very high grade gold story out in BC. Have roughly 15 million ounces at possibly 30 g per ton. Valuation is cheap. Expect the stock will trade sideways at the moment because there is still lots of proving up in terms of density of the ore body. She wants to own it because she just doesn’t know what catalyst will come next. Could be a takeout if they can prove up the ore body.