FOR WHAT IT IS WORTH IN MY HUMBLE AND HONEST OPINION First of all I would like to tell you all how I got to Pretium in the first place.....I initially INVESTED into Randgold Resources which is quoted in London.I bought them at between GBP5 and GBP8 per share I then after a few years sold them at GBP47 ,this was a mistake BUT as the old saying goes you never go wrong taking a profit.
The hunt was then on to find something of equal value which would perform as well as RRS.L
I remember looking at Silver Standard and after a thorough investigation of the workings and holdings of SA , I saw that PVG was a subsiduary of theirs and that they retained a holding of PVG ....BUT more interestingly was that SA was the brainchild of Rob Quartermains and that he nurtured it from under a dollar to I think about CA$43 .Turning to PVG the grades astounded me the teams track record was what I was looking for at that IS entirely satifactory.
So having bought the shares at below CA$6 we went up to CA$ 18,75 or there abouts and NOTWITHSTANDING the assault by the now DISCREDITTED graham farquhasson of strathcona which saw the shares being trashed ,we come to where we are today having on record some of the finest grades of gold which leave RRS.L in the shade ...I don't in any way want to detract from RRS.L as I think it still is one of the finest run operations in the world and under the stewardship of Marc Bristow who is a legend.
Now since we are looking for value what can I say having run the comparrisons where they can be made and on a like for like basis all things being equal after all the bugs if any have been iron out after start up........TO ANSWER THE QUESTION THIS SHARE BARRING ANY HOSTILE TAKE OVERS IS SHOULD REACH CA$ 350 one proviso is that the shares outstanding are NOT increased in any significant way.
This is one thing Marc has always been ultra cautious about issuing paper.
ONCE AGAIN I WISH ALL OF YOU WHO HAVE BEEN TO THROUGH THE WASH AND RINSE CYCLE AND ARE STILL HOLDERS OF PRETIUM THE VERY BEST OF GOOD HEALTH AND HAPPINESS.....IF YOU ARE NOT A SHAREHOLDER DYODD AND GET CRACKING BEFORE IT IS TOO DARN LATE
WE SEEK SAFE HARBOUR