LINCOLN PARK, N.J.
- Nov. 25, 2013
-- Pretium has exceeded its planned amount of ounces recovered and still has about 1,910 tons yet to be processed out of its 10,000 ton bulk sample! Results to date of 8,090 tons processed show a total gold recovered of 4,215 ounces with about 2,000 tons yet to be processed. at this rate they exceeded their original projection of 4,000 ounces and should hit about 5,000 ounces or 20% more than management's estimates. In addition, over 3,000 ounces of silver were recovered. This news is what I was waiting for. This news means that Snowden was right all along and that Strathcona resignation was the best thing to happen to Pretium in the long run (knocking price down so investors could buy cheap). Production will commence early in 2016 and will ultimately be higher than originally projected. Reserves will far exceed original estimates. BUY a 2nd 1/4 or 1/3 position to the first position I recommended a few weeks ago. Try to buy a dip under the close last evening. This will give you the chance to have at least 1/2 to 2/3 of your base position that I recommended. With PVG up about 80%, anyone who wants to enter or add a position should buy a dip down to the $4.00 - $4.50 area if available.There are only 36 days left until Gold becomes a world-wide Tier 1 asset for all large Banks worldwide! Smaller banks have until January 2015. Watch gold exceed its former high of $1,923 when Tier 1 status goes into effect.