very simplified P/E calculation for PVG sharesPrice of Gold actually : 2,040 USD/oz
AISC per oz sold: 1,000 USD/oz (2020 guidance: 910 – 1,060 /oz)
Earnings per oz: 1,040 USD/oz
1 year production: 350,0000 oz (2020 guidance: 325,000 - 365,000 oz)
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1 year earning: 362.25 mill USD
Market cap PVG: 1,853 mill USD
1 year Price earning ratio @ 2,035 USD / oz = 5.09 ----------------------
So far nothing to talk about our Snowfield with:
...The gold resource at Snowfield now comprises 25.9 million ounces of measured and indicated gold resources and 9.0 million ounces of inferred resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne.
Snowfield means: further 75 years production is possible at present production rate of 350,000 oz per year, probably also with an AISC of around 1,000 USD / oz... !
How long will it take that desperate yield chasing investors & funds will find this hidden gem called Pretium Resources ?!
Good luck dear shorters, if you try to buy back your borrowed and double sold shares.