When choosing stocks one of the most important factors to take into consideration is the management team. This team has one of our favorites at the helm and he is President and Chief Executive Officer, of Pretivm Resources (TSE:PVG) formerly of Silver Standard Resources Inc (SSRI) and is described as follows:
Robert A. Quartermain has extensive experience in geology, exploration and development. Over his 35-year career in the mining industry, Mr. Quartermain has established a solid track record in building shareholder value in the field of precious metals exploration and development. Mr. Quartermain was the president of Silver Standard Resource Inc. for 25 years. Over this period, Silver Standard grew from a small exploration company, with exploration properties and a market capitalization of $2 million, to a company with a producing mine, five advanced exploration and development properties, a pipeline of early stage exploration properties and a market capitalization of $1.9 billion. Mr. Quartermain was the President of Silver Standard through the period of its increased exploration focus on the Snowfield Project and the Brucejack Project and has an intimate working knowledge of these properties. Mr. Quartermain has a Bachelor of Science degree in geology from the University of New Brunswick, a Master of Science degree in mineral exploration from Queen's University and was awarded an honorary Doctor of Science degree from the University of New Brunswick in May 2009.
A go getter with qualifications and experience rolled into one.
A Brief Overview of Pretivm:
Pretivm Resources Inc. (TSX:PVG) is advancing its Snowfield and Brucejack gold projects in northern British Columbia, Canada. These adjacent projects host a combined total gold resource which ranks among the five largest gold-copper mineral systems in North America. The strategy of Pretivm's proven management team is to expand the exploration and economic potential at Snowfield and Brucejack while pursuing grassroots gold exploration and the acquisition of quality gold projects. Pretivm's goal is to deliver "value", as defined by its name, through growth in gold resources.
A recent update on the companies position:
Pretium Resources Inc. is pleased to report mineral resources at its wholly-owned Snowfield Project of 25.9 million ounces of Measured and Indicated gold resources and 9.0 million ounces of Inferred gold resources at a cut-off grade of 0.30 grams of gold-equivalent per tonne. The Snowfield Project is located 65 kilometers north of the town of Stewart, British Columbia.
Silver, copper, molybdenum and rhenium mineral resources at the Snowfield Project now total:
Silver resources of 75.8 million ounces of Measured and Indicated resources and 51.0 million ounces of Inferred resources;
Copper resources of 2.98 billion pounds of Measured and Indicated resources and 1.10 billion pounds of Inferred resources;
Molybdenum resources of 258.3 million pounds of Measured and Indicated resources and 127.7 million pounds of Inferred resources; and
Rhenium resources of 22.5 million ounces of Measured and Indicated resources and 11.5 million ounces of Inferred resources.
James Turk talking to Eric King earlier:
When we take out the all-time low of 71.33 on the dollar index, we move into uncharted waters and there is no telling where the collapse of the dollar will end. Some states are already taking steps to protect their citizens from the collapse of the dollar. The Utah House just passed a bill calling for the return of the use of gold as a currency and there are at least half a dozen other states considering similar legislation.
Put this one on your Watch List and we'll see how she goes from here.
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Stay on your toes and have a good one.
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