RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NR - Bulk Sample Drill Program Concludes With Additional HigzentrarianNZ wrote: "my comment was more to explain Strathcona's extreme rejection of the Snowden methodology which could (and probably did) ultimately lead to their resignation."
It's clear that Strathcona thinks Snowden's methodology stinks (even though it seems to rapidly be being proven much more valid than their own) but is that reason enough to reneg from fulfilling their part of the sampling agreement? Strathcona was not hired to evaluate Snowden's strategy but to offer their own as a complement, or perhaps ultimately as an alternative, if the results wildly differed. Otherwise, what is the point of hiring two companies to undertake two entirely different sampling processes?
The fact remains: If they were so damn sure they were right, why didn't they let their results stand on their own merits and issue a disclaimer or repudiation of Snowden's FS methodology with their final report, rather than have a hissy fit and resign, and not only that, accuse Pretium of what amounts to fraud in the process? The answer to me is clear: Bre-X went to their pointy little heads.
I'm happy to have shared in the extreme buying opportunity this little "disagreement" has created, and I plan to hold my shares until PVG is either bought out at an attractive price or a very profitable mine is built.
Well we have the answer straight from the horses mouth. They completed their analysis, raised some red flags and PVG didn't disclose that info to shareholders so they forced the issue. PVG obviously would not want to disclose such information knowing what it would do to the share price. Whether or not they needed to (legally or from a regulatory standpoint) is another matter.
As for the comment as to why Strathcona didn't wait for bulk sample millling to be completed, I think we've gone over this already. I can't speak for them, but milling all of the bulk sample doesn't prove Strathcona right or wrong either way if their position is that it only proves how much gold was in the bulk sample.