tag:blogger.com,1999:blog-6272793377504221569.post5542875490334008874..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: Pretium - coming back to BrucejackThe Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6272793377504221569.post-69662822331945163162023-08-30T07:36:24.598-07:002023-08-30T07:36:24.598-07:00Great blog, I enjoyed reading itGreat blog, I enjoyed reading itInterior a Horrorhttps://interiorahorror.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-56906978561272231532022-02-10T18:40:03.425-08:002022-02-10T18:40:03.425-08:00The presentation of the article is very good, ever...The presentation of the article is very good, every word written has a meaning and is very useful for the readers. I hope that you can write useful articles for readers like this, we also have several articles that are also interesting to read.<br /><a href="https://happyufa88casinoonline.wordpress.com/" rel="nofollow">wordpress</a><br /><a href="https://ufa88kh.blogspot.com" rel="nofollow">blogspot</a><br /><a href="https://www.youtube.com/channel/UCvflNChuDEwDbYJEoKB0Upg" rel="nofollow">youtube</a><br /><a href="https://www.ufa88cambodia.com/" rel="nofollow">ហ្គេមស្លត់</a><br />Ufa88khhttps://www.blogger.com/profile/12259594029966556639noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-3805535858011821652020-03-22T06:43:44.528-07:002020-03-22T06:43:44.528-07:00The March 2020 reserve update is hopefully the fin...The March 2020 reserve update is hopefully the final word. Sorry guys, the grade was only ever 8 or 9 g/t. Amazing how this kind of stuff does not create a few more shock waves. I guess people inside the mining industry are benign and compromised in so many ways that we all just shrug our shoulders. This kind of wealth destruction is happening too often. IMOIan Dreyernoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-20532726461513641002019-11-10T10:44:17.026-08:002019-11-10T10:44:17.026-08:00TAG, a general thanks for sharing your analyses an...TAG, a general thanks for sharing your analyses and thoughts on the industry. <br />For fun, you should take a look at F*ck Chipke's, err, I mean Chuck Fipke's v.CD zinc project in the Yukon. I'm a little surprised that you or IKN haven't poked and sniggered at it a little. As an exercise, pull up the 1 year stock price chart. Then the 10yr. Then the 20yr. Then smile and chuckle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-48332571945823399772019-11-07T14:50:22.699-08:002019-11-07T14:50:22.699-08:00I would really like to see a stope by stope reconc...I would really like to see a stope by stope reconciliation of mined tonnes and grade vs planned tonnes and grade. I think that would answer 99% of all the questions about this mine. But I doubt that will ever happen.<br /><br />I expect to see repeated technical studies released every couple of years slowing reducing the grade until it is 9 or 10 g/t while simultaneously raising the reserve through continued drilling. While increasing production so the ounces to the mill remains constant.<br /><br />Hopefully nobody will look behind the curtain.<br /><br />Meanwhile all the insiders will continue to cash in their options every year.<br /><br />It really ticks me off, it is a great mine, I just wish they would be honest about what they have.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-35419138046096534612019-11-06T15:31:27.350-08:002019-11-06T15:31:27.350-08:00Current market cap is $2.2B, but I think it's ...Current market cap is $2.2B, but I think it's over valued. Their 2019 FS valued the company at $2.2B US, but it was at an 8% discount rate, which is in my opinion too low. Should probably be using 10% for valuation purposes, given all the things that can go wrong over the LOM. But my big concern remains grade reconciliation. If the actual grade is significantly lower than the current FS estimate (and results so far in 2019 suggest it is) it would really whack the NPV hard. So with a current market cap of CAD $2.2B and a likely premium of 15% to 25% the only buyers would be those who believe gold is going to $2,000+. Maybe it will.....but maybe it won't. <br /><br />As an aside, I used to work with Tony Makuch...a very bright guy. Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-69269629158647108352019-11-05T18:11:17.478-08:002019-11-05T18:11:17.478-08:00I think it will be a good mine, just not as good a...I think it will be a good mine, just not as good as the Feasibility study is making out. Maybe this would be an opportunity for a company like Kirkland or Agnico to pick up a profitable mine cheaply (a 350Koz a year producer for $2B with a 15-20% premium)<br /><br />Pretium could be a buy at these prices!The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-47702454996272120292019-11-05T14:41:10.910-08:002019-11-05T14:41:10.910-08:00Nice work AG. Grade remains their most challengin...Nice work AG. Grade remains their most challenging metric despite a solid program over the last couple of years to tighten up their estimates. Luckily it's not killing them...at least not yet. Investors and analysts are likely more concerned with cash flow, and while grade is very important to cash flow metal price can cover up a lot of sins. So too can exchange rates, which were 1/1 in the 2013 FS but much more favourable in 2019. It's nice to have your costs in $CAD but your revenue in $US.<br /><br />Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.com