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...

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