LINCOLN PARK, N.J.
- Sept. 12, 2013
-- Homestake (the leader at the time during the 1930’s) rose more than 10 fold on only a 65% increase in gold prices. That was a 10 x price move in the stock on an underlying rise of only 65% in the physical gold price. What will PVG do on a price rise from $1,300 to $5,200+? A similar % move today would be a 400% increase from here in the gold price vs. only a 65% increase in 1933. This would correspond to 61.5 times price increase of gold stocks today compared with their results in the1930’s or an anticipated % increase of 6150% (10 x 6.15). Accordingly, the potential of PVG is to go from about $7.70 per share to 61.5 times its present price or about $473 per share is about equal my original price projection in 2011 of about $467, before additional dilution for additional stock issuance.
Assay results from all drilling programs to date are outstanding, of which over 35 are grading over 1,000 grams per ton of gold. Pretivm will continue to report results as they are received, and has updated the gold mineral resource estimate for their combined Brucejack project (Valley of the Kings and West Zone) to 18.9 Metric tons. Of that amount, Gold is estimated at 7.3 million oz. In addition, their Silver mineral resource estimate for their combined Brucejack project is 35.3 million oz. Due to the Cleopatra Vein and other discoveries ( not included above), the potential to dramatically increase reserves in the future is there. Every drill hole finds additional resources to be proven up. In addition, all discoveries to date are open in all directions. We are currently awaiting the full results from the 2013 drilling season to be released later in 2013.
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