Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Long-Term Gold Bulls Should Consider Gabriel Resources

This article is about Gabriel Resources (OTCPK:GBRRF). Gabriel Resources has a market capitalization of $550 million. It is currently in the process of developing a large gold mine in Romania called Rosia Montana, of which it owns about 80% (the Romanian government owns the rest). It also owns a smaller property - Bucium - located just southeast of Rosia Montana, on which it has likely found enough resources to build a smaller gold mine. However an investment in Gabriel Resources is predominantly an investment in Rosia Montana.

Rosia Montana will be a huge gold producer (an estimated 500,000 ounce annually) with low production costs of roughly $750/ounce once the company completes the permitting process and builds the mine....

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details