RE:RE:RE:RE:RE:RE:Even the slow witted analysts are finally waking up....miningman wrote
Of course PVG is not doing as well as so many here had hoped for , but the reasons for this are becoming increasingly obvious to even those with the most rose coloured glasses. And this is despite a $200 increase in POG over the last 12 months or so . Q4 results and the reserve restatement will make a bad situation even worse.
I very much doubt they are even evaluating possible external aquisitions. The writing is on the wall and they cannot afford to distract management from attempting to improve results at Brucejack. Debt is still significant and I strongly suspect that the geologists have large exploration programs already designed, but they have been told to shelve these plans untill budgets can allow for the large $$$ required to explore at depth.
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Minor man of course we all know that poor old PVG is not doing that well over the last while. By the way how is your greatest thing ever KL doing these days. Nice 15% drop yesterday alone.
So you are not happy with PVG as they are only mining 9 grams of gold per tonne. Not doing well at are are they? Well lets see how your great KL is doing. The company they just bought is producintg at .83 grams gold per tonne. Less than 10% of PVGs grade. Their AISC is also way higher than PVGs $950 at $1150 per ounce.
So if PVG produces 400 000 ounces next year at $950 they would cashflow $200 million US at $1450 gold. DGC produces 550 000 ounces at $1150 and would cashflow $165 million US at the same gold price.
KL just payed $4.9 billion Canadian for DGC. All things being equal and allowing for PVGs higher debt balanced out by higher earnings which should be even higher once they get the grade up i would say that they are both in the same ball park value wise. That means that PVG should sell for aprox. Double the current shareprice or $27 per share comparing what DGC just sold for.
By the way for a guy who hates this company so much and loves Kl why in looking at your posting history are 95% of your posts on this board and only a couple on the KL board?
Makes a person wonder what your intentions here really are.