The big steal: future ~25.7 b$ cash flow for just 2.7 b$ !Let figures tell the story about the ongoing Newcrest scam.
- PVG AISC per ounce of gold for total life of mine: 743 USD/oz of gold (Pretium, Technical Session, March 2020, page 78. AISIC = All-In Sustaining Cost)
- Measured and indicated Mineral resource: 7.2 Million oz of gold (Newcrest, Scotia presentation Nov. 2021, see screenshot below)
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Now please calculate it. At present price of gold of ~1,800 USD / oz this makes a cash flow of (1,800 minus 743) = 1.057 US$ cash flow available per ounce of Pretium gold.
These 1,057 USD times the 7.2 million oz of gold makes 7.610 billion US$ future cash flow for the life of mine.
Newcrest tries to strip away us our very valuable PVG shares for a total value of around 2.7 billion USD. This is only roughly a third of the officially documented future cash flow value of Pretium !!!
Stop this dirty Newcrest scam.
Vote "Against" on your "Voting Instruction Form" with your Control Number and submit it. My broker had sent out all voting material on December 23, last year. Check your emails about it, if you miss it. Or ask your broker for your control number and go to
https://east.proxyvote.com/pv/web and vote there "Against" it. If you had voted already with "For" you can still easily change your vote to an "Against" vote.
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You can nearly for sure add to the above stated 7.2 million oz of gold measured and indicated + 3.1 million oz gold officially "inferred" calculated ... makes available cash flow of 10.9 billion USD for life of mine.
You can rather sure add 2 completely new Brucejack size + grades mineralisations: The “North Block” and the "Golden Marmot" (and the "level 1080") findings. All can be seen as simple extensions of our Brucejack mine. Thus they will have extremely low costs. But let us assume these 743 USD / oz of gold ...
Makes a total of 7.2 (Brucejack) + 3.1 (Brucejack inferred) + 14 (North Block + Golden Marmot + level 1080) = 24.3 million oz of gold. Times 1.057 USD cash flow makes 25.7 billion USD future cash flow value for Pretium. And Newcrest tries to steal this for just 2.7 billion USD.
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The secret kept GoldSpot study had identified / confirmed about further ~ 60 other mineralisation targets on the big Pretium piece of land in October 2021. Further we own 15 % Net Smelter Royalites for Snowfield. Snowfield was sold by the PVG board a year ago for legendary about 4 USD per ounce of gold !!! I did not calculate in the above figures these royalties. These royalties alone can easily become worth the "offered" 2.7 bUS$ in the future ...Snowfield contains 25.9 million ounces of measured and indicated gold resources...
You have the power to stop this scam ! Vote "Against" ! Every non given vote counts unfortunately indirectly as a "Yes" vote for this Scam !! Only two days are left to vote ! Stop it! It takes only 5 -10 minutes to vote and to submit your vote !
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We have a continues and fraudulent breach of disclosure rules by the present PVG board for about half a year now. In “game changing times”. To the disadvantage of PVG shareholders and a billions $ advantage of Newcrest ! Stop it. Please make your "Against" vote count today !!