Tuesday, May 28, 2013

Pretium Resources

For people who are looking for a company that has great management, great project, great location, great grades.  Pretium is a company that everybody should look at.  They just release a news release the grade is 21.57g/t over 12 m including 388g/t over 0.5m and 99.7g/t over 0.5 m.  The veins are narrow but the super high grade offsets the narrow vein issues.

People:  The company is managed by Rob Quatermain who use to run Silver standard from a junior explorer to one of the best silver mining company in the world.

Project:  The brucejack project in Northern BC along with Snowfield (lower grade but huge gold reserve) are one of the best undeveloped gold mining projects in the world in terms of grade and size.

Location:  Their projects are located in Northern BC Canada.  It is politically stable and there are lot of skilled mining workforce in the area.

In short, this is the perfect example of what a great junior exploration company should look like.  Great people follow with a great project.  There are a lot of financial support for the project regardless of the current outlook for the industry.  The company control the cost very well and advance the project in a timely manner.  Location is in Canada so we don't have to worry about large scale riots and nationalization of the project.  The local groups are very accepted to mining because of a long history of mining in the area.  If this is not one of the best among its peers, it is the best.

I don't own any shares in Pretivm.  If you are interested in it, please ask a professional investment adviser for advice. 



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