Goldtent TA Paradise

PVG

1. Northstar says:

   October 31, 2019 - 11:46 am at 11:46 am

   Dropped a bollock there…

2. Alex33 says:

   October 31, 2019 - 12:42 pm at 12:42 pm

   Finally management agrees they will only able to produce lower number of ounces due to 9gr deposit instead of 11gr.

3. Todamoon says:

   October 31, 2019 - 1:51 pm at 1:51 pm

   Definitely bad ya definitely bad –

4. Marcusjames says:

   October 31, 2019 - 2:47 pm at 2:47 pm

   Doesn’t seem warranted given the amount of gold they produce.

   • Karl says:

     October 31, 2019 - 4:49 pm at 4:49 pm

     I haven’t owned it for a while and frankly never should have owned it since in retrospect I understood it poorly. As always the question is whether the gold can be produced profitably. It is a confusing, controversial situation. They have bills to pay, which include royalties (and possibly (I forget) regular loans??). Yet in addition to the usual problems they have especially heterogeneous deposits to contend with and widely divergent models in regard to how much is where and how much it’s going to cost to mine it so they have an unusually hard time predicting things. I could go on from there but you can fill in some blanks.

     I like looking at the website https://angrygeologist.blogspot.com even though the proprietor’s entries and those of most of those who comment are over my head. She comments on PVG from time to time. I anticipate, at least hope for, a new entry soon. You can search for some of her older entries, but one is https://angrygeologist.blogspot.com/2019/04/pretium-lies-damn-lies-and-reserves.html . In general she tends to suggest that they have presented the best possible case that is probably not going to come about but notes that she may be wrong and will occasionally express the wish that she is wrong, as I recall. If I recall correctly her general idea is that these is one of these cases where a lot of gold may be produced and a lot of people may make a lot of money but very possibly not the current shareholders.

     • Karl says:

       October 31, 2019 - 4:53 pm at 4:53 pm

       From the Angry Geologist’s Apr 13 entry, relevant to your point, “Brucejack produces a lot of gold, but it keeps falling short.”