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Peter Epstein

 
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  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    Honig has now purchased a total of 551.5k shares in the open market since June 26th.
    Jul 18 08:22 AM | Likes Like |Link to Comment
  • Pershing Gold Continues To Shine, Especially Compared To Peers [View article]
    There's an amended filing on Bloomberg from Frost Gamma Investments stating "Frost Gamma is amending this filing as it does not currently intend to sell any further shares of the issuer.."

    This combined with Honig's recent open market purchases, seems positive to me....
    Jul 16 03:13 PM | Likes Like |Link to Comment
  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    There's an amended filing on Bloomberg from Frost Gamma Investments stating "Frost Gamma is amending this filing as it does not currently intend to sell any further shares of the issuer.."

    This combined with Honig's recent open market purchases, seems positive to me.
    Jul 16 03:13 PM | Likes Like |Link to Comment
  • Pershing Gold - Developing A Low Cost Domestic Producer [View article]
    Colossus? CSI.TO, You mean the stock that's down 45% today?
    Jul 15 01:55 PM | Likes Like |Link to Comment
  • What Do Home Building And Natural Gas Have To Do With Gold? [View article]
    good point. but, i don't think gold will collapse from 1250, i think it will be range bound from 1200-1300 for awhile. This is NOT based on any technical analysis, just my gut feeling on the price through the summer.
    Jul 9 03:32 PM | Likes Like |Link to Comment
  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    Citi's bearish gold sector report out today is Bullish for Pershing Gold. Think about it. Yes, projects with all-in costs of $1,100 + per ounce are doomed unless gold prices rebound to $1,600 or more. If that happens, all juniors will go up a lot and everyone will be happy.

    However, if gold prices are stuck between $1,100 and $1,400 per ounce for an extended period, then Pershing's low-cost, low-risk, project and blue sky exploration potential for additional low-cost, low-risk projects should be increasingly valuable. Not to mention the 100% owned, built and paid for processing facilities.

    Mid-tier, and eventually larger gold companies, need to replace the substantial amount of current and planned production that's out of the money. These companies can start staking ground in Nevada to replace production in 10 years, or acquire companies like Pershing Gold with first production next year.
    Jul 8 01:38 PM | Likes Like |Link to Comment
  • Exclusive Interview With Pershing Gold's Stephen Alfers [View article]
    Pershing's first project remains attractive with all-in costs in the $750-$775 range.
    Jul 4 08:40 PM | Likes Like |Link to Comment
  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    rod100 said,

    "But it would be dangerous to rule out the possibility that gold could trade at the marginal cost of production (it certainly has done in the past for protracted periods of time)."

    What is the marginal cost of production? Probably higher than the current price.
    Jul 2 08:32 AM | Likes Like |Link to Comment
  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    Yes, I still like Bullfrog Gold. Bullfrog is funded for at least the next five quarters from a secured loan from RMB Merchant Bank. It will survive this downturn.

    Hard to compare Bullfrog and Pershing. Bullfrog is much smaller and will be in production after Pershing. A person from RMB said last year that he thought Bullfrog's Newsboy project alone could be worth $90 million. Even if it's worth a third of that amount, that would be a triple from the current market cap of about $10 million.

    Bullfrog's other two projects could be winners good as well, but require additional funds for further exploration and drilling. CEO Beling is the cream of the crop, and the company has a very small cash burn.
    Jul 1 06:12 PM | Likes Like |Link to Comment
  • Pershing Gold Continues To Shine, Especially Compared To Peers [View article]
    What's most important is that Pershing Gold's Relief Canyon is an economically robust, low operating risk, open-pit, heap leach project in mining-friendly Nevada.

    All-in costs in the $750-$775 range shield it from the pain many, many juniors are facing. Look no further than Atna Resources for an example of a troubled junior. Atna is a good company, they did nothing terribly wrong, they just have a cost structure that's too close for comfort at $1,200-$1,300 gold.

    The essential attributes that set Pershing Gold apart are actually growing in importance. These are its demonstrated access to funding from Honig / Dr. Frost / Coeur Mining, 100% built and paid for processing facilities, experienced management team and near-term production.

    Many emerging gold juniors in Nevada, and around the world for that matter, are facing serious delays, scale-backs and cancellations of high cost or highly complex or high country risk projects.

    Think about it, the majors are cutting back big-time and the juniors have extremely limited access to capital. This virtually guarantees that supply in coming years will be way less than expected.....

    Gold prices will go up, but many existing and prospective gold companies won't be around to benefit. Pershing will be there, unless it gets acquired.
    Jul 1 05:18 PM | Likes Like |Link to Comment
  • Pershing Gold's Low-Cost, Low-Risk Project In Mining Friendly Nevada Is A Winner [View article]
    What's most important is that Pershing Gold's Relief Canyon is an economically robust, low operating risk, open-pit, heap leach project in mining-friendly Nevada.

    All-in costs in the $750-$775 range shield it from the pain many, many juniors are facing. Look no further than Atna Resources for an example of a troubled junior. Atna is a good company, they did nothing terribly wrong, they just have a cost structure that's too close for comfort at $1,200-$1,300 gold.

    The essential attributes that set Pershing Gold apart are actually growing in importance. These are its demonstrated access to funding from Honig / Dr. Frost / Coeur Mining, 100% built and paid for processing facilities, experienced management team and near-term production.

    Many emerging gold juniors in Nevada, and around the world for that matter, are facing serious delays, scale-backs and cancellations of high cost or highly complex or high country risk projects.

    Think about it, the majors are cutting back big-time and the juniors have extremely limited access to capital. This virtually guarantees that supply in coming years will be way less than expected.

    Gold prices will go up, but many existing and prospective gold companies won't be around to benefit. Pershing will be there, unless it gets acquired.
    Jul 1 05:13 PM | Likes Like |Link to Comment
  • Exclusive Interview With Pershing Gold's Stephen Alfers [View article]
    New article on Pershing Gold....

    http://seekingalpha.co...
    Jul 1 07:50 AM | Likes Like |Link to Comment
  • Pershing Gold Continues To Shine, Especially Compared To Peers [View article]
    New article on Pershing Gold.....

    http://seekingalpha.co...
    Jul 1 07:48 AM | Likes Like |Link to Comment
  • Soros And Jim Grant Like Junior Gold Miners - Takeout Target Pershing Gold Might Be One To Focus On [View article]
    http://1.usa.gov/153s6NK

    Honig bought more shares today... two days in a row.

    same price paid, 34.5 cents.
    Jun 28 05:07 PM | Likes Like |Link to Comment
  • Pershing Gold Continues To Shine, Especially Compared To Peers [View article]
    Honig bought more shares again today, same price, 34.5 cents per share.

    http://1.usa.gov/153s6NK
    Jun 28 05:04 PM | Likes Like |Link to Comment
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