RE:RE:RE:Snowfield 134m tonnes M&I @1.5gpt ????The 2010 Snowfield study used as basis a gold price of
US$878/oz -------------------------------
The gold price actually in 2020 is
US$1,750/oz. Hope everybody can calculate what this means...
Hint: As said in the quote below at a gold price assumed of US$ 1,235/oz (this is only US$ 357 more per oz as the said basis of US$ 878/oz) the NPV more than doubled from US$2.3 billion to US$5.95 billion. How much would be the NPV at present Price of Gold of US$ 1,750/oz, which is not only 357 $ more from said basis of 878 $ per oz but which is US$ 872 more per oz !
May be something for a combined Snowfield & Brucejack valuation of around 10 billion US$ NPV.
At present high price level Snowfield is more valuable than the anyway excellent Brucejack mine.
There is incredible value contained in Snowfield and it gets time, that Pretium does not hide away this value of Snowfield but puts it into the window !
PRELIMINARY ECONOMICS
A NI 43-101 compliant Preliminary Assessment was completed in September 2010 using the 2010 resource (which does not include the results of 2010 drilling) for the Snowfield Project combined with the mineral resources of the adjacent high-grade Brucejack Mine. The pre-tax net present value of the combined Snowfield-Brucejack combined is US$2.3 billion using a 5% discount rate and US$878/oz gold price. The pre-tax net present value is US$5.95 billion assuming US$1,235 per ounce gold (the spot price of gold on August 27, 2010).
source of the quote: actual Pretum Webpage at
https://www.pretivm.com/exploration/snowfield/overview/default.aspx