Use access key #2 to skip to page content.

XMFSinchiruna (28.54)

Pretium's Priceless Gold and Silver Bonanza

Recs

23

April 06, 2012 – Comments (14) | RELATED TICKERS: PVG

Happy Easter, Fools!

Please forgive the current formatting malaise with respect to the article's captions, and please enjoy the underlying content of the piece. Bring a holiday weekend, it may not be recitifed immediately, but you'll get the idea. The first two image captions are simply repeated, while the third is repeated along with duplicated text of the following body paragraph.

http://www.fool.com/investing/international/2012/04/06/pretiums-priceless-gold-and-silver-bonanza.aspx

But the point is still the same. Pretium has struck the super high-grade stuff that will far more readily render positive economics in the present price environment than some of the other well-known projects in the region.

I bought Pretium on a recent dip, and I intend to hold for the long haul. I've inspected a fair amount of drill core over the past several years, and I've never seen anything like it. Robert Quartermain is the real deal, and knows how to translate this find into shareholder value. Now cashed up and ready to rumble, I expect good things from Pretium.

14 Comments – Post Your Own

#1) On April 07, 2012 at 8:37 AM, skypilot2005 (< 20) wrote:

http://finance.yahoo.com/news/aurico-gold-provides-monthly-young-120000505.html

 

AuRico Gold Provides Monthly Update on Young-Davidson

4/5/12

The following major project milestones have been achieved:

Mill process systems required for initial gold production are virtually complete. Ore processing of low-grade stockpiles began on March 22 . Leach tanks are full and carbon will be added in the coming days. The SO2 plant for cyanide destruction will be going through commissioning next week. The concrete ore bins are constructed to final height. Construction of the ore and waste bins at the Northgate Shaft is progressing well. Ground support for the first leg of the Northgate shaft has commenced and has reached a depth of 50 metres. Open pit mining rates during March averaged 23,370 tonnes per day of ore and waste, with a target of 35,000 tonnes per day by the end of the second quarter. Approximately 650,000 ore tonnes (approaching four months mill feed) have already been stockpiled by March 31 st. This tonnage represents approximately 9% of the reserves in the open pit and blastholes continue to reconcile positively to the reserve model. Underground development continues to focus on ramp and shaft access to the mid-shaft ore and waste handling systems. Current vertical access is 825 meters below surface. The level access has been established to access the top and bottom elevations of the crusher station. In the process of mobilizing two additional diamond drilling rigs (four total) to begin to test new resource expansion targets in addition to the ongoing step-out drilling at YD West. The Young-Davidson operation continues to maintain its high safety record has now surpassed 1.5M hours without a lost time injur.

Sky Pilot

Official Web Link Assistant to Sinchi

Report this comment
#2) On April 07, 2012 at 8:59 AM, skypilot2005 (< 20) wrote:

http://finance.yahoo.com/news/brigus-gold-hits-q1-production-122900358.html

 

Brigus Gold Hits Q1 Production Target

4/5/12

 

Sky 

Report this comment
#3) On April 07, 2012 at 10:29 AM, kdakota630 (31.51) wrote:

For some reason when trying to click PVG, I'm getting the message " We couldn’t find the symbol PVG."

Anyone else having this problem? 

Report this comment
#4) On April 07, 2012 at 11:50 AM, ziying (< 20) wrote:

Sinch, Sky Pilot did you see this? An article dated 3/29/12 on Aurcana's website that is not for US distibution.

"Aurcana Announces Listing of Warrants on TSX Venture Exchange"

http://www.aurcana.com/s/NewsReleases.asp?ReportID=515675

ziying

Report this comment
#5) On April 08, 2012 at 10:49 AM, eeibbay (< 20) wrote:

Hi Sinchi

With respect to your article

'When it comes to overcoming the typical cost-related pressures that accompany mine development in the far north, locating high-grade ore is the way to make the grade.'

would you be concerned that Copper Fox's Schaft Creek ore grades are too low. The size is enormous and the drill results aren't terrible but I would be interested in your point of view.

Report this comment
#6) On April 08, 2012 at 11:36 AM, skypilot2005 (< 20) wrote:

 ziying,

 Check out:

http://www.fool.com/investing/general/2012/02/06/the-greatest-growth-story-in-silver-today.aspx?source=itxsitmot0000001&lidx=7

 

The Greatest Growth Story in Silver Today

2/6/12

**

also,

http://finance.yahoo.com/news/aurcana-commission-plant-shafter-mine-212300383.html

Aurcana to Commission Plant at Shafter Mine and Completes Mine Expansion at La Negra

reference:

"The Shafter silver mine, located in Presidio County, S.W. Texas, has a NI 43-101 silver resource of 24.6 million ounces Measured and Indicated (2,900,000 tons @ 8.48 opt), 22.8 million ounces Inferred (2,167,000 @ 10.52 opt) and a pre-feasibility completed. Production for years one and two is forecast at 3.8 and 4.0 million ounces silver recovered. Construction is expected to take 18 to 24 months, subject to securing financing and permitting."

Sky

I own a bunch.

 

 

Report this comment
#7) On April 08, 2012 at 2:00 PM, ziying (< 20) wrote:

Hi Sky Pilot,

Thanks for the links. I have read them several times and still I want more! More news, more shares, more more more. I'm fully invested and need to sell to buy so I'm picky. Aurcana by share count is my largest holding and consumes over 8.6% of my cash. But if I had more money I would be a buyer here. My problem is I'm following Chris so closely that I ran out of money way before he ran out of great stocks to choose from. And now he writes about Pretium. Over the past few weeks I've had many set backs so I may have to hold on to what I've got and wait for some positive plays on my portfolio before selling and buying more Aurcana or Pretium or whatever Chris finds next. I just can't keep up, oy!

ziying

Report this comment
#8) On April 08, 2012 at 10:43 PM, skypilot2005 (< 20) wrote:

ziying,

I am not sure how long you’ve been investing but my first father in law, a stock broker, told me in the 70s, “You don’t lose any money until you sell.”  That has served me well over the years.

My current spouse, who I affectionately refer to as “#4”, reentered the work force recently  and just transferred some money for me to invest in her 401 K.

I am buying next:

Scorpio ( 2  companies for 1) Scorpio Gold

Ormex Silver  ( 2 companies for 1)  Ormex Gold

Rambler ( 2 companies for 1)    significant  Maritime Resources position.  Also,  Sprott and Sandstorm invlovement.

Atna depending on price

I use a watch list to track stocks as potential purchases / ongoing purchases.

I use an Excel spreadsheet for my top picks and to prioritize future purchases.

Fool on,

Sky

Report this comment
#9) On April 09, 2012 at 9:04 AM, skypilot2005 (< 20) wrote:

FYI:

http://www.scorpiogold.com/s/news.asp?ReportID=517648

Apr 09, 2012

Scorpio Gold Provides Update on Golden Phoenix Litigation

++

http://www.scorpiogold.com/i/pdf/ppt/CorporatePresentation.pdf

November, 2011

 

Sky

 

Report this comment
#10) On April 10, 2012 at 9:07 PM, skypilot2005 (< 20) wrote:

Sinchi,

I was dabbling in the pink sheets, today. 

This evening I was reviewing the stocks I purchased and noticed I accounted for 100%  of the  volume of one of the stocks.

Second time that has happened recently.

 Do  you think everyone knows something I don't?

Maybe, I should start trading baseball cards instead of stocks....

:)

Sky

 Official Web Link Assistant to Sinchi and prospective baseball

card trader

Report this comment
#11) On April 11, 2012 at 6:32 AM, skypilot2005 (< 20) wrote:

FYI:

http://ramblermines.com/files/Q2%202012%20Press%20release%20final.pdf

RAMBLER METALS AND MINING PLC

SECOND QUARTER RESULTS 2012 & OPERATIONAL HIGHLIGHTS

Sky Pilot

Official Web Link Assistant to Sinch

Long Rambler Metals

 

Report this comment
#12) On April 11, 2012 at 10:20 AM, XMFSinchiruna (28.54) wrote:

Sky - That's happened to me once or twice. Such a lack of liquidity certainly is not to our benefit, and so one is required to believe quite strongly in the value proposition and the eventual resurgence of interest in resource stocks in order to rationalize the exposure.

I have a Wacky-Pack collection somewhere around here. Remember those? :)

Report this comment
#13) On April 11, 2012 at 12:23 PM, kdakota630 (31.51) wrote:

TMFSinchiruna

LOL!  I used to collect those in grade school. 

Wacky Packages

Report this comment
#14) On April 11, 2012 at 8:56 PM, skypilot2005 (< 20) wrote:

Wacky-Pack.

I Googled it.  Trading Card Stickers.

I like it!

:)

Sky

Report this comment

Featured Broker Partners


Advertisement