I saw the presentation & took a look at Pretivm too. SSO is the largest share holder. This company is at the exploration phase with no production & would require massive amount of investment. They recently raised $80 million dollars. PVG stock is doing better than SSO. PVG give a good gold exposure to SSO investors.

SSO  owns 18.9 m million shares based on last closing price $15.50 the investment amounts to $292 million while SSO shows that investment as $140 million. Big difference of $152 million.

Actaul cash               $293m

Warrants                     $71m

Total cash               $364m

Investment              $292 m        @ $15.50 per share

Cash & Inv total      $656m / 80.7 m shares = $8.13 per share

Note payable         -$128m

Net                        $528/ 80.7m shares = $6.54 per share for cash & Investment.

The combined cash & present investment value is $6.54. This does not take in to account the property plant & equipment of $546 million.

Yes a very stong case can been made that this company is under valued at the present price.