RE:RE:RE:RE:RE:RE:pretium new webcast and presentationWow, thanks again for great informations - ending with a shocker sentence by saying
I think is his oblique reference to the companies consideration of selling Snowfield...
Such a shocker sentence needs some more words. I quote here from the official Pretium Webpage about Snowfield's monetary valuation.
https://www.pretivm.com/exploration/snowfield/overview/default.aspx 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).
Some years later in 2014 Bob Quartermain stated about
Brucejack value alone:
The updated feasibility study uses $1,100/oz gold and $17/oz silver in its base case which arrives at a post-tax NPV(5%) $1.45 billion and IRR of 28.5%, with the expected ability to payback invested capital after 2.8 years. The 2013 feasibility study used $1,350/oz gold and $20/oz silver which showed a $1.76 billion post-tax NPV(5%) and 35.7% IRR.
end of 2010: @ US$1,235/oz
Snowfield + Brucejack had an estimated NPV of
US$5.95 billion 2013/2014 : @ $1,350/oz
Brucejack alone had an estimated NPV of
US$1.76 billion.
Just only a very rough calculation let us conclude that at the end of 2010
the Net Present Value of Snowfield alone was estimated to be
US$5.95 billion minus
US$1.76 billion =
US$ 4.19billion for Snowfield alone !!!! And at a price of gold of around 1,235 to 1,350 USD/oz !
Nothing to tell about a price of Gold of 1,800 - 1,900 USD/oz !
And now about this Snowfield value is publicy talked in a way, that the impression is created there is an "...
oblique reference to the companies consideration of selling Snowfield...". I think, I shall dream tonight about our proven and indicated 26 million ounces Snowfield gold...