Newcrest Mining Ltd NCMGF

Louis James on PVG

[zentrarianNZ]

More confirmation of my suspicion that the uncertain geology is still holding PVG down, even as it goes into production. My humble prediction: Expect a healthy re-rating as soon as all remaining doubts are dispelled.

"An example of a company just about to complete its run up the Golden Runway is Pretium Resources Inc. (PVG:TSX; PVG:NYSE), Bob Quartermain's monster-sized, super-high-grade gold play in British Columbia. What's interesting is that it's on the verge of pouring its first bar of gold, but the stock has not yet risen as much as we'd expect. That's despite the company completing construction ahead of schedule. The reason is that because the deposit is so exceptional, Pretium has done some things differently. This has some critics saying the mine will not produce as much gold as projected. But Pretium's bulk sample produced something like 60% more gold than was expected based on the model. That tells me that the company was not being risky or cavalier; in fact, it was being conservative. We're about to find out if I'm right. So, instead of production being the end of the story for this company, I see it as a beginning." 

https://www.theaureport.com/pub/na/two-ways-to-beat-the-odds-with-mining-investing