Fact check: The Snowfield "sale"...Back in Dec. 2020 Pretium / O `Brien sold our great property "Snowfield" for only 100 mUSD cash to Seabridge.
Snowfield contains 25.9 million oz Gold in measured (at 0.82 gr/t) and indicated (at 0.55 g/t) gold.
This came as a big surprise to Pretium shareholders... a Surprise by our "board chair" O`Brien. He managed to sell our huge Snowfield gold for less than 4 USD per ounce in cash !!! Unbelievable if you have a longer time horizon than this strange Muppet O`Brien.
What happens to Snowfield? We will know it exactly in Q2 of this year with a new study about Snowfield to be released by its new owner Seabridge.
What we know so far from a two month old article:
..The first Snowfield drill hole for which Seabridge has received assays returned 430.9 metres grading 1.08 g/t gold, 0.19% copper and 2.2 g/t silver, including 85.5 metres of 1.27 g/t gold, 0.22% copper and 2.3 g/t silver.
Snowfield is an open pit project.
Now compare this Snowfield grades with the so highly praised "Red Chris" mine from our very special friends at Newcrest...
Initial Ore Reserve estimates for: Red Chris: 480Mt @ 0.52g/t Au
milled Red Chris: Average gold grade g/t 0.56
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As O`Brien destroyed once the long term really great Snowfield project for Pretium, his mission is now to destroy / sell our whole Pretium gold, huge land mass and royalties. All deeply under-priced to Newcrest. Seems deeply under-priced sells of shareholders assets/ properties are very attractive for this man...
Said figures from the Snowfield disaster speak it out clearly: Do not trust O'Brien in
any way !
Vote Against the stink price Newcrest offer and submit your vote with your filled in Control number on your vote !
Kick out O`Brien and his gang !
Sources for the figures:
Snowfield gold reserves/resources measured & indicated:
https://www.pretivm.com/news/news-release-details/2011/Pretium-Resources-Inc-Snowfield-Resources-Increase/default.aspx First drill assay result for Snowfield (November 2021):
https://www.mining.com/seabridge-looks-to-integrate-snowfield-into-ksm-gold-copper-project-in-bc/ very interesting read for the whole article...
Newcrest grades for Red Chris:
https://www.newcrest.com/sites/default/files/2021-11/211109_Newcrest%20agrees%20to%20acquire%20Pretium%20Resources%20%E2%80%93%20Presentation.pdf see "Endnotes" on page 27
and
https://www.newcrest.com/sites/default/files/2021-10/211012_Newcrest%20advances%20its%20global%20organic%20growth%20portfolio%20%E2%80%93%20Market%20Release%20_0.pdf