RE:I'm confusedCurrower wrote: Can someone explain to me why Pretium is up 80 cents now and KL is up 7 cents. I'm happy but I'm trying to understand the underperformance ?
KL is just shy of its 52 week high, PVG had sold off earlier this week . KL is consolidating for the next move up, I see it at 25 dollars by March . KL is firing on all cylinders, having held it over the last few years its been a true gem.
PVG needs to show the market that it can deliver the gold as advertised. Being in the first few months of startup, its being shorted heavily because "most" new mines take a while to get things dialed in and the chances for a miss are greater. The last quarter it was mining at 13.5g/t and it needs to show the markert 15g/t or better to move higher. I hope they have it.
If PVG has good numbers it will move to 15 but if it underperforms it will drop to 11 and provide a good buying opportunity.
I think KL and PVG are the better gold stocks to own long term. Im done with mines in SA/Africa/Mexico....got burned with Primero, Iamgold, BeloSun, Argonaught and Tahoe