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....
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