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Gold/Mining/Energy : Golden Triangle

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From: klinker	7/14/2012 1:57:15 PM
	of 493

one of my alternate scenario possibilities involves converting my tuo shares into pretium or seabridge shares. Pretiums acquiring slivers of claims below and besides the high property speaks to pretiums interest in in being open to such an opportunity. The big pretium salient to the east of the high and tennyson running almost right down parallel to the harry property also bespeaks of pretiums interest in becoming the biggest landholder in the golden triangle. So what would be holding them back? The value of their scrip. In this quarter they are intending to convert a whack of inferred ore into measured and indicated ore. This will enable them to increase the size of the mill they intend to build. That will dramatically increase their irr on the project and spread out and thereby reduce their rather large $65 per tonne administration costs significantly.. I believe the irr in their last presentation was around 42% at what was it....i dunno @ $1350 per oz gold? I suspect they are well on their way to a plus 65% irr on the basis of the prospect of them increasing the size of the their mill plus via incorporating the what was it their extraordinarily large whack of 26 grams or so per tonne inferred material into measured and indicated reserves. This should all be done by early next year and then the scrip value of pretium would be significantly higher then it is today... Now dino could throw a rachet in the hatchet by hitting color on his high drilling campaign this year but pretium's optimum opportunity to build its golden triangle package via the possible addition of tuo is closer then most people suspect.. as far as seabridge's potential interest is concerned a lot would depend on when the court case with amk is resolved... so lets leave that possibility off the table for now.. I will say rudi fronk is a smooth operator and his spectacular success in the mining business as is quartermains is a matter of public record

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