Hebba Investments
Long only, value, contrarian, gold & precious metals

Pretium Resources: Current Valuation Offers Acquirers An Accretive Transaction Even At A 40% Premium

Executive Summary

The Pretium Resources' Brucejack project looks to be one of the few projects worldwide that is extremely high grade, contains a moderate to large amount of gold reserves, and has initial capital costs that are extremely low. One of the handful of projects that would offer good returns even at sub-$1000 gold. Additionally, the company is run by Robert Quartermain, the man who was involved with building Silver Standard Resources from a $2 million dollar exploration company into a billion dollar silver miner - so it is led by a man with experience unlocking the value of an exploration project and bringing it into development.

Based on the estimated economics of the Brucejack project, Pretium Resources is undervalued...

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