Pretium loosing luster The latest news outlining reductions in resource categories as attached to the Pretium play is very significant for the future bottom line of the company and its shareholders. The profitabiltity margins on these remote area plays are much more sensitive than what would be experienced, lets say closer to Timmins, principally due to the enormous capital costs attached to getting the gold out of the ground and as such, the latest news is very concerning to say the least.
Like the saing goes, margin is the issue of importance these days and especially so on high capital infrastructure projects like Pretium's so unless gold goes a heck of a lot higher than where it is now, dont expect the share price to go anywhere near what it would have had the capacity to go in the past.
Tedsky,