RE:RE:The KSM Mega mine project: a table for playingOne of the angles rudy fronk uses to promote Sea should be of interest to the pvg promotional team.
Sea asks its potential investors to consider Sea as partially a bet on the price of gold. He then uses a very conservative estimate of about 50 million ozs of gold at sea and implies for every dollar rise in the price of gold the gold in the rock generates $50 million worth of potential gross asset value.. Every $100 rise in the price of gold implies sea's gold in the ground generates $5 billion worth of gross asset value. Well he doesn't word it exactly as i stated it but I think you get the point. As the price of gold rises the gross asset value of the gold in the rock increases.
With a quote a bit of drilling pvg is very close to assembling a hoard of close to 50 million ozs.... 23 million at the high grade zone 4or 5 million at the valley of the kings and what 28 million ozs at the snowfield. It is only one metric and gross asset value is not the be all and end all of evaluations. But it would be something to use to tune the shareholders into the magnitude of pvg;s resource potential...
Rudy uses this metric in a conservative and responsible way so why can't pretium. 50 million ozs at $1700 an oz gold what $85 billion gross asset potential.... as everyone knows this isn't a way to value mining shares but it can give investors an idea of the magnitude of the pvg imprint. Rudy obliquely points it out for seabridge in a very conservative way. From looking at the sea share price I think the market may have noticed it in part. Pvg has to find ways to drum up investor interest.... miningmen will straighten me out but rudy likes so go to,,,