Too much hype built in here Yes the grades are phenomenal.. but no cash-flow and more dilution needed to fund the capex requirements here.
Still at least 3 years before a gold bar is poured and this is commanding a massive market capitalization for a company without any positive cash-flow.
I agree there is the speculation about take-over but I don't think any major with their current share prices are interested in buying PVG near 52 week highs while every other gold stock trades near 52 week lows.
You could make the same case for RMX which has very similar grades in a better jurisdiction and they're permitted and less than 1.5 years from producing... their market cap is $880 million but with $250 million in cash, so $600 million market cap for a permitted and closer to producing company with similar grades and a much better fit for Goldcorp.
I agree ABX would like PVG but don't know if they'd rush in at these prices