Bob Moriarty of 321 Gold discusses an organization with an Arizona copper venture that has been getting a variety of consideration.
I first wrote about Barksdale Capital Corp. (BRO:TSX.V) in late February of this yr. As the value of copper dropped so did the value of the shares. They had been $zero.55 then, have recovered slightly and solely $zero.57 in the present day even because the story is healthier understood.
They made a large step ahead just a few days in the past when Teck stepped as much as the plate and took a $1.5 million greenback placement into Barksdale. That may put them at eight% possession along with a 15% possession already by Osisko and having Eric Sprott as a serious investor.
I can’t stress sufficient what a easy determination that is to put money into what shall be a serious base metals deposit. It sits on the border with the $2.1 billion Taylor venture owned by South32.
However one of many world’s main CRD consultants, Peter Megaw, believes that Barksdale holds the guts of the system and the feeders to the Taylor venture. I will be as direct as I can probably be.
If the Taylor venture is price $2.1 billion and Barksdale has the lion’s share of the system, Barksdale is price a hell of much more than $21 million for his or her 67.5% of the candy spot. Administration thinks so, I feel so, Osisko thinks so, Eric Sprott thinks so and now Teck thinks so. Simply what are you ready for?
I personal a variety of shares purchased within the open market. BRO is an advertiser and I’m biased. Do your individual due diligence.
BRO-V $zero.57 (Jun 13, 2019)
BRKCF-OTCBB 38.6 million shares
Barksdale Capital Web site.
Bob and Barb Moriarty introduced 321gold.com to the Web nearly 16 years in the past. They later added 321power.com to cowl oil, pure gasoline, gasoline, coal, photo voltaic, wind and nuclear power. Each websites characteristic articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation information.[NLINSERT]
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