RE:RE:RE:blast off Of course the 2011 USD 4 mill should be now much more. But it is not so much, that we could not be able to do so (let us see the Q2 / H1 results). It would be the next step to target an official "Pre Feasability Study" for Snowfield. A bankable one.
Seems to me, that in 2010 / 2011 it was yet undecided if Pretium starts with Brucejack high grade underground or with low grade big bulk open pit at Snowfield. I guess that these low prices for gold and silver were the main reason to decide for Brucejack at that time and to focus after this decision strictly on Brucejack.
Looking back this was the right decision and we have to be thankful for it to the old guard at Pretium!
Bank loans where granted only under the condition, that all money goes into development of Brucejack and this worked so far fine.
With the kind of price explosion for gold & silver, we have now a complete other situation than in 2011.
I hope and think, that the high prices for gold & silver in this year bring us so much cash inflow, that we can -beyond old loan obligations - do further explorations at "Snowfield" and the "A6" zone now !
It is a dream situation for a big open pit project as we now have high gold and silver prices plus clean hydroelectric power supply so near by !!
Let us do right steps at the right times.