This is the third installment of a 5-part series. I received intelligence concerning some of our miners, and wanted to pass this on to all of you…
“Pretium Resources (NYSE: PVG) continues to advance the construction of its Brucejack project located in northwestern British Columbia. The high-grade underground mine remains on schedule and is fully funded. Production is scheduled to begin in mid-2017.
The primary focus of the Brucejack project is the Valley of the Kings deposit. Pretium completed an infill-drilling program earlier this summer. The results were sufficient to convert 1.9 million ounces of indicated resources to measured resources (a 58% increase to its measured resources). Of course, measured and indicated resources do not demonstrate the economic viability of measured reserves, but the results show further confirmation of the high-grade gold distribution in the area.”
This particular firm is one of those that is sitting on vast quantities of metal, and is a likely buy-out candidate. If it should be, we will, no doubt, receive a very good premium on our holdings in this issue. But, it will also more likely be among our most volatile ones, as well. Let’s add more, as opportunity should allow us.
And, it’s Thursday morning, nearing 7:00 am EST, and gold is up $2.00, while silver has risen $.08. It’s good that prices appear to be stabilizing, as support might be being found here. If it is, then a lift-off might be getting close at hand. We’ll soon see!
Here’s to your accumulation of real wealth!
Harold F Crowell