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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:

"A great example of a stock that got lost in building a mine is Pretium Resources Inc. This is high-grade gold. It is going to be an extremely economic mine. CEO Bob Quartermain is doing an outstanding job of advancing the Brucejack project in British Columbia. If you're going to buy any gold stock this year. . .buy Pretium. That stock will make you a lot of money in a bull market. Bob Quartermain proved himself to be a wealth creator in his last job, as CEO of Silver Standard Resources. He has a tiger by the tail with this deposit. Brucejack is ridiculous. Valley of the Kings, which is part of the Brucejack project, is underground now, and it is drilling out more of this high-grade gold. This is a tremendous opportunity. At $6-and-change, the stock could easily double. This is one where we'll look back and say, gosh, why didn't we buy more?" read more >

"Over the last couple of months, we've bought Pretium Resources Inc. Pretium will get the permits [for Brucejack], but it's a long process. While it waits, it continues to drill and is coming up with some very good results. I believe that this stock still suffers an overhang from the dispute a couple of years ago about the reserve calculation. Considering its Proven and Probable resources of 6.9 Moz gold, the mine capex of $747M is quite reasonable. Pretium is a very good buy right now. . .I doubt Pretium will have much difficulty financing once it starts getting the building construction permits. The Zijin Mining Group Co. Ltd. already owns 9.6% of the company. I suspect that a Chinese group will come in and take over the company eventually." read more >

Heiko Ihle, H.C. Wainwright & Co. (6/29/15)
"We believe Brucejack remains one of the highest-grade, large-scale undeveloped gold projects in North America and believe the project should be advanced to the construction phase in H2/15. Given that Pretium Resources Inc. is a near-term producer, coupled with Brucejack's high-grade, large-scale nature, we are assuming coverage with a Buy rating and $12.50 per share price target."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (6/10/15)
"Pretium Resources Inc. is very close to getting the final federal permit, which is expected in Q3/15. . .so far there were 'no comments' that went against the project, so the approval is almost a certainty."

Ash Guglani, Salman Partners (6/10/15)
"Brucejack project development remains on track toward commercial production in 2017. . .Pretium Resources Inc. management expects to release an updated resource estimate early next year to finalize the mine plan. As the company continues to demonstrate its ability to de-risk the project by executing on time and budget, we reiterate our Buy recommendation and 12-month target price of CA$12.00 per share."

Joe Reagor, ROTH Capital Partners (6/10/15)
"We continue to believe Pretium Resources Inc. is on track to begin construction this summer. Additionally, the company is conducting underground drilling to better define mining stopes, which should result in more accurate production guidance. . .we continue to believe Pretium will use a combination of debt and a gold stream agreement to finance the majority of the remainder of the construction capital for the Brucejack mine. . .we continue to believe a financing announcement will be viewed as a significant positive for the company."

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
Vivien Diniz, Author Resource Investing News
Michael Fowler, Senior Mining Analyst – Loewen, Ondaatje & McCutcheon
Raymond Goldie, Analyst – Salman Partners
Ash Guglani, Analyst – Salman Partners
Ovais Habib, Analyst – Scotia Capital
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co.
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.
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Jeffrey Mosseri, President – Greystone Asset Management, LLC.
Charles Oliver, Senior Portfolio Manager – Sprott Asset Management
Keith Phillips, Managing Director – Cowen & Co.
Joe Reagor, Analyst – ROTH Capital Partners
Dan Rollins, Analyst – RBC Capital Markets
Lawrence Roulston – Metallica Development Fund Ltd., Quintana Resources Capital ULC
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Maria Smirnova, Analyst – Sprott Asset Management
David H. Smith, Analyst – Silver-Investor.com
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