RA zu Pretium
We're still big fans of Pretium Resources Inc. (PVG:TSX; PVG:NYSE). Brucejack is
going to be a mine. This is the real thing. It's just going to take time. It's going to
have a small mine footprint but be very profitable.
TGR: Pretium took a credibility hit based on some resource work that was being
conducted on Brucejack. Did that make you question management?
RA: No. The engineering firm had processed maybe 3–4% of the bulk sample
when those comments were made. It's insane to me. Yes, it is a complicated
resource estimate and the mine plan will be complex, too; it's not a simple bulkmining
situation. There is some complexity but Pretium is probably one of the best
takeout candidates out there. Nobody knows for sure but if that resource calculation
is correct, then it's a tenbagger.