RE:IKN Daily Digest thoughts on PVGno. this misunderstanding and resultant selling is where the opportunity lies. they agreed on the sample area, they disagreed on the process- bulk sample VS tower sample. the best tower sample possible would be representative of the bulk sample. the bulk sample is more robust. if the cleo vein is in the sample area then the tower sample should pick up 10% of it. but since its only grabbing 30kg per tonne or so its a horrible way to get an accurate prediction of this type of lumpy deposit.
So far the sampling cut result is in line with Snowdens expectations and contradicts Strathconas prediction.
That last point is very important and why analysts are keen to see the forthcoming results to see which reputable geologist will be right. Pretium would never hire 2 different reputable firms if they had anything dubious to hide imo. Look at the 10's of thousands of drill assays that have been completed on the property. Silver standard owns ~20%. There has been significant proof and due diligence on the property and some of the speculation is quite frankly getting ridiculous!