Pretium Resources Inc(PVG)- NYSE
  • Jun. 27, 2014, 12:34 PM
    • Pretium Resources (PVG) is a logical takeover candidate in the next 12-18 months due to the promising outlook for its Brucejack project, CIBC analyst Jeff Killeen says.
    • Even using a lower operating rate than company projections, CIBC thinks Brucejack could produce 300K-plus oz./year of gold, which would provide meaningful production growth to a range of producers; "bottom line is that we believe the scarcity value of high-grade development projects like Brucejack garner higher acquisition multiples, which value the underlying project at or near intrinsic value."
    • Killeen thinks PVG could attract a multiple of ~1x NAV, and raises his share price target to $11.50 from $9.50.
    | Jun. 27, 2014, 12:34 PM | 5 Comments
Company Description
Pretium Resources, Inc. acquires, explores and develops gold and precious metals resource properties. The company's projects include Snowfield and Brucejack which are located in British Columbia. Pretium Resources was founded on October 22, 2010 and is headquartered in Vancouver, Canada.
Industry: Industrial Metals & Minerals
Country: Canada