Heads-up on Pretium (PVG.TO). At last, it seems to be coming into its own. Even better are the warrants, up 38% today. Strike is at $12.50, expiry in April 2012.
I have long wondered why Pretium is not more popular/discussed here on SI. After all, PVG's Snowfield/Brucejack combined project has 34.1 million ounces of gold and 191.9 million ounces of silver, both Meas&Ind; not to mention Inferred gold 21.7 MOZ and silver 202.2 MOZ; PEA completed, Brucejack PEA update due in Q1 2012. Project size is even bigger than CKG's Metates: PVG is calculated to produce 700,000 ounces/year versus CKG's 550,000 ounces/year; and their capex is similar, too: PVG expects initial capex of $3.5B versus CKG's $3.2B. True, peanuts this ain't.
On the other hand, PVG has 88 million shares out, while CKG has only some 48 million shares -- yet the two stocks are presently priced equally in the low teens.
PVG has risen by 50% during the last 30 days whereas CKG has dropped by 20% -- I am not happy with my CKG warrants... |
