i for one will be looking forward to pretium's ipo:

Two Fridays ago, Silver Standard (SSRI) announced that it plans to spin-off its Snowfield and Brucejack projects to a new company called Pretium Resources for total consideration of $450 million in cash and shares. Not much more than a month ago we wrote the following:

When it was an ounces-in-the-ground accumulator, Silver Standard was arguably valued more highly by the market than the sum of its parts, so perhaps it shouldn’t come as a surprise that having graduated to the coveted silver miner/developer status means the company is now seemingly valued at less than the sum of its parts. Silver Standard’s management is acutely aware of this problematic situation and we expect them to monetize Snowfield and Brucejack in the near future…[emphasis added]

Pretium’s IPO is planned for later this year, raising a minimum of $265 million and leaving Silver Standard with a significant equity interest in the new company which is to be run by Robert Quartermain. Mr. Quartermain served as the President and CEO of Silver Standard from 1985 through January 2010, and he is well known and well regarded within the industry. He remains a large shareholder of Silver Standard and it is great to see him getting involved once again.