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Pretium Resources Inc.

Pretium Resources Inc. is creating value through gold at its high-grade, advanced-exploration-stage Brucejack project. Located in northern British Columbia, Brucejack offers the potential for near-term gold production in an area of permitted gold mining. Brucejack hosts a significant, undeveloped, high-grade gold resource. Gold resources in the Valley of the Kings total 4.9 Moz Indicated (8.9 Mmt grading 17.3 g/t gold) and 10.4 Moz Inferred (12.7 Mmt grading 25.5 g/t gold). A feasibility study on the Brucejack high-grade gold opportunity is underway.

Expert Comments:

Joe Mazumdar, Canaccord Genuity (8/23/15)
"Pretium Resources Inc.'s Valley of Kings (VOK) infill drilling continues to make the grade. . .as the results continue to confirm the gold/silver mineralization at VOK, we have increased (+2.5–3.0%) our risk-adjusted life of mine average grade profile to 12.8 g/t Au, which still represents a 8–9% discount to the 2014 feasibility study (14.1 g/t Au). The grade revision lifted our NPV@7% (+6%, CA$1.41B) or CA$7.52 after applying a P/NPV multiple of 0.98x (+0.01x). The positive change in our asset valuation drove our target price up (+6% or CA$0.50) to CA$8.50."

Canaccord Genuity's Morning Coffee (8/20/15)
"Pretium Resources Inc. announced on Wednesday a third set of results from an underground infill drill program in the Brucejack project's Valley of the Kings. Stope definition drilling is now underway from two underground drill bays, the 1320 drill bay and the 1310 drill bay. . .hole VU-459 intersected 154.13 g/t gold uncut over 14.6m, including 4,470 g/t uncut over 0.5m."

Heiko Ihle, Rodman & Renshaw (8/20/15)
"On Aug. 19, 2015, Pretium Resources Inc. announced drilling results from its Brucejack gold project. . .we highlight hole VU-463 (1320 bay), which intersected 29.94 g/t gold over 29.5m including 1,690 g/t over 0.5m. . .we view Brucejack as a robust gold project notwithstanding lower gold prices and believe our target for first production in 2017 remains adequate."

"One company that I really like is Pretium Resources Inc., which is developing the high-grade Brucejack project in British Columbia. It has a Proven and Probable resource of 7.5 Moz gold. If Pretium gets all the necessary mining permits and licenses for Brucejack, the funding will come in short order. Zijin Mining Group has invested CA$81M for a 9.9% stake. This is one of the few projects that would still be profitable at $800–900/oz gold. This is a really sexy and attractive project in my eyes." read more >

Ovais Habib, Scotia Capital (8/19/15)
"Pretium Resources Inc. released results from the ongoing underground infill drill program at the 100%-owned Brucejack project's Valley of the Kings. . .the third set of fan drill definition results to support mining in years 1–3 returned multiple high-grade narrow width gold intersections. . .notable highlights include: hole VU-459 with 154 g/t Au over 14.6m, including 4,470 g/t Au over 0.5m and hole VU-463 with 29.9 g/t Au over 29.5m, incl. 1,690 g/t Au over 0.5m. (Note: all gold grades are uncut). . .the company has all necessary permits to advance to the construction phase at the Brucejack project."

Joe Reagor, ROTH Capital Partners (8/17/15)
"Pretium Resources Inc.'s Q2/15 financials were uneventful as expected; however, we believe that the company is on the cusp of announcing a financing plan for its Brucejack project, which would allow it to begin construction during September. As a result, we are reiterating our Buy rating and $13 price target."

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Matt Badiali, Editor – Stansberry Research
Doug Casey, CEO / Chair – Casey Research
Jeff Clark, Senior Editor – Casey Research
Adrian Day, Founder – Adrian Day Asset Management
Michael Fowler, Senior Mining Analyst – Loewen, Ondaatje & McCutcheon
Raymond Goldie, Analyst – Salman Partners
Ash Guglani, Analyst – Salman Partners
Ovais Habib, Analyst – Scotia Capital
Wayne Hewgill, Analyst – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Analyst – Casey Research
Jeff Killeen, Analyst – CIBC World Markets
James Kwantes Resource Opportunities
Pierre Lassonde, President – Franco-Nevada Corp.
Chen Lin What Is Chen Buying? What Is Chen Selling?
Douglass Loud, Executive Director – Greystone Asset Management, LLC., Axiom Capital
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC., Axiom Capital
Charles Oliver, Senior Portfolio Manager – Sprott Asset Management
Gwen Preston, Founder – Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
Carsten Ringler, Founder – Ringler Research
Dan Rollins, Analyst – RBC Capital Markets
Lawrence Roulston – Metallica Development Fund Ltd., Quintana Resources Capital ULC
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Florian Siegfried, Senior Portfolio Manager – AgaNola
Maria Smirnova, Analyst – Sprott Asset Management
David H. Smith, Analyst – Silver-Investor.com
Jay Taylor, Author Gold, Energy & Tech Stocks
Paul Wong, Senior Portfolio Manager – Sprott Asset Management
Jeff Wright – Wolfpack Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
 
High-Grade Underground Gold Project in BC
 
Commercial Production Target 2017
 
Located in an Area of Permitted Mining
Pretium Resources Inc. Content