Pretium Resources Inc. (PVG - TSX)
Updated Resource Sees Grade Improvement - Friday, December 20, 2013
Pretium provided an updated resource estimate for the Valley of the Kings deposit which incorporated results from the bulk sample program as well as all surface and underground drilling completed to date. Overall, the Valley of the Kings (VoK) now contains an estimated 8.7 MMoz in the M&I category averaging 17.6 g/t and 4.9 MMoz in the Inferred ounces averaging 25.6 g/, for a global resource total of 13.5 MMoz grading 19.8 g/t. This compares well with the 11.4 MMoz at 16.55 g/t in the previous resource estimate from November 2012.
While debate will continue whether the drilling and processing results from the bulk sample area are representative of the entire VoK orebody, the increase in grade and ounces in the updated resource demonstrates the reliability of the Snowden geologic model and bodes well for the upcoming feasibility study to confirm parameters of the June 2013 study. For now, we are sticking with the June 2013 feasibility parameters and are maintaining our NAV of C$24.00, a value that we believe reflects the best case upside valuation scenario for the name. Our target price of C$12.00 is based on a P/NAV multiple of 0.50x, a target multiple that accounts for the elevated level of risk associated with this intensely debated project. We maintain our Buy rating.
December 21, 2013
#Pretium Resources - Updated Resource Sees Grade Improvement
This from Cormark: #Pretium Resources - Updated Resource Sees Grade Improvement
December 20, 2013
10 Top Companies Worldwide by Revenue in 2013 [#INFOGRAPHIC] #MasterEnergy
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December 13, 2013
The Definitive History of #Bitcoin | @VisualCapitalist
http://www.visualcapitalist.com/wp-content/uploads/2013/12/Bitcoin_07.jpg
In 2008, the aftermath of the Subprime Mortgage Crisis created the perfect storm for the emergence of Bitcoin. Here is the definitive history of the famous crypto-currency.
The Definitive History of Bitcoin | Visual Capitalist
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