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Pershing Gold (PGLC) Investor Fact Sheet

Pershing Gold (PGLC) Investor Fact Sheet

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  • 1. Pershing Gold Corporation (OTCQB: PGLC) Company Overview Pershing Gold Corporation (Pershing Gold) is an emerging Nevada gold producer uniquely positioned to create shareholder value by fast-track reopening of the Relief Canyon Mine. Pershing Gold’s strategy to create shareholder value has four elements: November 20, 2013 Recent Price: $0.35 Market Data Fiscal Year December 31 Industry Gold Exploration Market Cap $95.7M Price/Earnings (ttm) N/A Price/Book (mrq) 2.6x Price/Sales (ttm) N/A EV/Resource (Au) $153.69 Insider Ownership 38.4% Institutional Ownership 21.5% Shares Outstanding 273.3M Float 94.8M Avg. Daily Vol. (3 mos.) 686,233 As of November 20, 2013 Resource Snapshot Au Resource (M&I) Au Resource (MI&I) EV/Resource (M&I) EV/Resource (MI&I) 1st Year Production Cost of Production Value Proposition According to a recent analysis by BMO Capital Markets, the average North American market cap per gold ounce of recoverable resources is $541. Applying this metric to PGLC’s measured and indicated gold ounces of 463,000 would give the Company a market cap of $250.5 million or $0.92 per share, representing upside of over 260%. PGLC gives investors an opportunity to invest in a company in a stable mining jurisdiction (Nevada), low costs of production (processing plant on site, estimated production cost of $700 per ounce), strong potential to add to current resources (excellent drill results announced on 9/19/13, with mineralization open in all directions), leading to an estimated year 1 net income of $30 million, which is equivalent to a 3.2x P/E at the current market price. Investment Highlights 463,000 ozs 564,000 ozs $187.22 $153.69 50,000 ozs $700/oz. Balance Sheet Snapshot 3Q13 Cash Debt  Confirm, expand, and upgrade the gold resource at Relief Canyon.  Re-commission existing heap-leach processing facility at Relief Canyon to fast-track the Company to production.  Explore strategically located 25,000-acre contiguous land package around Relief Canyon.  Create value through strategic acquisitions $9.0M $0.1M  Pershing Gold (PGLC) has consolidated a 39 square mile land package in mining-friendly Lovelock, NV neighboring significant current and past producing mines. Nearby producing mines include Coeur d’Alene’s (NYSE: CDE) bordering Rochester mine which has been producing for 30 years. Coeur d’Alene Mines (NYSE: CDE), the largest U.S.-based silver producer with a market cap of ~$1.5 Billion, has a current strategic investment in PGLC.  Under Alfers’ leadership, PGLC has more than tripled its gold resource to 564,000 ozs. MI&I. More importantly, this resource has been drilled out on just 3% of the land package and the resource report shows “open mineralization in all directions.” Excellent 9/19/13 drilling results have the potential to significantly expand PGLC’s resources.  Estimated first year production of 50,000 ounces with a cost of production of $700 per ounce, which leads to estimated net income of $30 million. PGLC’s goal is to begin production by early 2015.  PGLC has a fully constructed mine, including a processing plant on-site, with most of the permits in place to go back into production, hence it is not facing the significant CapEx required for many other juniors.  PGLC announced on August 12, 2013 that it raised ~$9 million through the sale of preferred stock with a conversion price of $0.33 per share, near the current market level. As a result of this financing, PGLC is now debt free and has ~$9.0 million in cash on the balance sheet. None of the profiles issued by RedChip Companies, Inc., constitute a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor’s objectives, other securities holdings, financial situation needs, and tax status. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Pershing Gold Corp. (“PGLC”) is a client of RedChip Companies, Inc. PGLC agreed to pay RedChip Companies, Inc., 200,000 options valued at $0.40 and a monthly cash fee for twelve (12) months of RedChip investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RedChip investor awareness services include the preparation of a research profile(s), multimedia marketing, and other awareness services.