Pershing Gold Corp. (formerly Sagebrush Gold Ltd.) is a newly formed gold exploration and development company uniquely positioned to create shareholder value by capitalizing upon the record-high gold price, a near-term opportunity to put the Relief Canyon mine back into production and opportunities to acquire exciting gold exploration properties with exceptional gold discovery opportunities in an under-explored part of Nevada, Pershing County.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Markus Aarnio, Seeking Alpha
"Gold production in Pershing Gold Corp.'s Relief Canyon Mine will begin in 2014. . .the initial target gold production will be 50 Koz/year. . .the Relief Canyon mine is a past producing mine that already has a ready-to-operate heap leach facility along with most of the permits to begin production again in place. . .there have been recent insider buy transactions in March and throughout the past 12 months. . .insider buying in a closely held company can be a positive signal for investors."
The Gold Report Interview with Michael Berry
"From Vancouver, we went to visit Pershing Gold Corp. There are a lot of discoveries in the goldfields of Nevada and many more junior gold explorers are setting up operations. . . I think the company found that, aside from this being a very difficult market, you cannot be on both sides. That is why I appreciate what Steve Alfers has done over at Pershing Gold. Steve Alfers knows more of the history of Nevada gold and has done more deals in Nevada gold than anyone I know. When I first saw Relief Canyon years ago, it was a mess, checkerboarded by Newmont and others. Steve pulled it together. Pershing now has 538 Koz Measured and Indicated and close to 700 Koz Inferred. That Relief Canyon resource will only get bigger. Pershing has three pits on its property and has deals with Newmont to explore its properties.
"Pershing also owns 24% of Valor Gold Corp., which has the Red Rock property in the Battle Mountain Trend. Money is coming into that project as well—another example of optionality. Art Leger is heading up the discovery drilling on Red Rock. There is a lot of excitement there as well. There is not a lot of downside to what Steve Alfers has done with Pershing. The stock moved from $0.30/share to $0.51/share. I think it will move again. . .Steve has some great geologists and a fully permitted heap-leach plant. He also has one of the world's wealthiest investors backing him. Dr. Phil Frost, a life sciences guru, owns a significant percentage of Pershing Gold. . .right now, it trades on the OTC Pink, but I expect to see Pershing listed on the NASDAQ or the NYSE Market."
Peter Epstein, Seeking Alpha
"Pershing Gold Corp. has dramatically outperformed peers over the past three and six-month periods. . .clearly, interest is growing about what Executive Chairman and CEO Stephen Alfers and his team have accomplished. . .the company owns a fully permitted and built processing facility. This allows it to avoid four years of permitting and associated risks as well as the need to source funding of several tens of millions in capex. . .Pershing's 564 Koz of Measured, Indicated and Inferred gold are found on just 3% of the consolidated property; the existing resource is open on all sides."
Peter Epstein, Seeking Alpha
"I'm as excited as ever about Pershing Gold Corp. I stand by my $3 NAV estimate and I now believe that the company's stock could break through the $1 barrier within three to six months."
Michael Berry, Morning Notes
"In the first year operation, I would rate Pershing Gold Corp.'s wealth creation program a great success. . .the company expanded the known gold reserve by a factor of five. . .it also announced a Measured, Indicated and Inferred resource of 5.64 Koz Au. . .there is sure to be a silver resource here as well that is not yet determined. . .we believe this year's drill program will increase and improve the gold resource."
Pershing Gold Corp. Content
a Seeking Alpha Interview with PGLC Executive Chairman & CEO Stephen Alfers
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