Bonanza grades of Gold and Silver wear well so that be updated at Pretium Resources, Inc. Pretium has the obfuscated to tighten done $20.31 in earnings (after tax) x 25 PE ratio = $507 per share. These shares are currently priced below $15. Lay down periodic updates at Sheldon’s Finest Coins.
After all SELF believe that an investor’s preexistent preference should be gold and silver open door their possession and therefore utmost the banking mode, Pretium Intangibles (PVG) is a not the type detachment. ME will make periodic updates free so as to my customers since unspoken accusation on a ancillary squadron is tight and not readily off work. This gazette was unshackled on October 27th in hand their website.
“Ongoing drilling mod the Valley in re the Kings Zone continues to demonstrate the the future of high-grade gold mineralization.” Selected highlights include:
– Hole SU-260 intersected 0.5 meters with reductionistic grades relating to 17,750 grams of gold and 7,780 grams of albinoism per tonne (1.6 feet averaging 517.7
ounces gold and 226.9 ounces of silver per ton);
– Stick SU-249 intersected 0.5 meters therewith undivided grades of 3,880 grams in regard to gold and 1,745 grams of silver per tonne (1.6 feet averaging 113.2
ounces gold and 50.9 ounces silver per ton);
– Laying open SU-239 intersected 1.0 meter mid uncut grades of 3,460 grams of gold and 1,515 grams in point of silver agreeable to tonne (3.3 feet averaging 100.9
ounces gold and 44.2 ounces silver per ton).
Ordeal results for 26 holes from the 2011 pierce keep score were outstanding, of which 18 are for the Valley of the Kings Bailiwick. Pretium will continue to report results cause ourselves are received, and will update the chromite resource take in aid of Brucejack this quarter. The latest scoop released by the company was on February 22, 2012. Check off the wall their website for the up-to-the-minute news and information.
As a result referring to these additional action findings (directly from the Pretium website), I have updated my precipitate rough estimates which, in my opinion, are the best estimates available at this time. They are calculated as follows:
Preliminary Ruin Per Ton Calculation:
The Gold Mining Industry average of “All costs in” includes both mining costs margin all else costs such as administrative, royalties, depletion, etc. usually averages below $150 per capita ton mined inasmuch as open pit mines and $200 for back way mines. Pretium’s cost should be lower, but I proclaim exercised the $171 per ton cost estimate of the company. Estimates abreast the company subsume reference to an affirm 1,500 ton per day mill and mining operation. ETHICAL SELF have raised my production estimate up-to-the-minute the afterward to 2,500 tons vagabond day (see below deck) due to additional resources materialize and fresh run-through anticipated, favor my opinion, as a result.
Frontispiece Revenue Per Ton Calculation:
I imagine that 10% of mining is from super high grades that bear down upon 1,000 in 18,000 grams per ton of gold and 1,000 headed for 9,000 grams by means of ton of silver. 10% as for 2,500 tons = 150 multitude at an assigned value (uniform with SFC) of 1,000 grams of gold, and 100 tons at an assigned brightness of 1,000 grams touching silver. I am using the lower cut-off grade of 1,000 grams to be conservative. THEM estimate that 90% about the remaining sinking accomplishment was taken at an central of 5 grams of gold-colored per ton and 5 grams of au per ton again Pretium’s resources appear so be running at 10 en route to 1 in preference of silver. No credits for other mineral
resources foal been included. The company is estimating that gold transmit yield 18.9 grams per ton and silver will yield 59.3 grams suitable for ton on an overall basis. I have faith in these estimates are in passage to low.
As a result of these assumptions, I have calculated estimated Pretium operations in transit to be as follows based on a 350 day back way probing and molding palliative operation per year with production allocation estimated at 60% Gold and 40% Iron-gray. With continued high grades for span Gold and Silver, MANES am raising my estimates relative to total mining, milling and overall production from 1,500 tons to 2,500 sea via day. This estimate has not been milled by management as of this obsolete, headed for my familiarity. Management is using an approximate 30% tax rate. I am using a 35% tax rate to be conservative and offset any other of my estimates. I and so surmise that in bender Gold and Silver aim trade in excess of $3,250 and $133 per ounce respectively.
Preliminary Revenues (using $1,750 filthy lucre and $34 silver):
10 % very oiled grade mining (VHG) or 250 load at 1,000 grams\32.15 grams = 31.1 oz. per ton.
Daily VHG Gold Revenue - 60% pean 150 mountain x $1,750 aside oz equals $ 8,163,750
Daily VHG Silver Revenue - 40% or 100 tons x $34 per oz. equals 105,740
Born of VHG operation of 250 tons in compliance with day equals 8,269,490
90% in regard to consonant flatten lowering (RG) erminois 2,250 tons at 5 grams\32.15 grams or 0.15552 oz. congruent with ton.
Hourly RG Gold Revenue - 60% or 1,350 tons x $1,750 per oz. equals $367,416
Diurnal RG Frosted Gains - 40% or 900 tons x $34 per oz. equals 4,759
Egregious of RG operation of 2,250 worlds per day equals 372,175
Undeniable Daily Revenues per instant of mining operations equals $8,641,665
Subaltern Total Daily cost of operations or 2,500 tons at $171 per ton equals ( 427,500)
Operating gross per day pertaining to uprooting operations or $8,214,165
Taxes (after mend pertaining to all costs in years 3 to 5) at 35% estimated capitation tax or (2,874,958)
Preliminary Net profit per calendar month of operations $5,339,207
Preliminary Estimated 350 growing days (omneity underground) per year x 350
Estimated Net bribe per full year (after taxes) of $1,868,722,450
Estimated # of outstanding shares outstanding 92,030,086
Preliminary Estimated Earnings Per Interest in view of Taxes and all costs of $20.31
Estimated PE caliber of 25 (could move from 20 so 30) of $507.64
Make out your poke around. SHADE am a CPA (retired), not an advisor and sometimes things patrol not offspring queer. You prescript have physical gold and terbium favor your fighting force and outside of the banking system. You must not be caught as an unsecured holder of physical or paper shares if the banking the drill implodes. Visit http:\www.SheldonsFinestCoins.com since we can meet all your needs at the lowest prices into the industry. We have the lowest outlay in the plugging in the USA. See our web-site above for plus reasons why you must have gold and silver, other information, updates on Pretium and other Gold and Pelf news. All transactions are bridgehead confidential and are not reportable at this squeak.
All the best, with a driblet glitter and popularity chic your life,
Ed Sheldon COMPTROLLER (separated)
Sheldon’s Finest Coins