Bob Moriarty believes Brigadier Gold Limited (TSXV:BRG) is a “slam-dunk for higher prices”
Bob Moriarty | December 21, 2020 | SmallCapPower: Brigadier Gold Limited (TSXV:BRG) is drilling a gold mine in Sinaloa Mexico. I don’t mean that in any figurative way. They literally have drilled an existing historic gold/silver mine called the San Agustin Mine. Their Picachos project is located exactly half way between Vizsla Resources and GR Silver. Both of those companies have been heavily promoted this year and have similar grade material to Brigadier. Vizsla has a market cap of $103 million; GR Silver has a cap of $85 million. Brigadier comes in at about $10 million.
(The following is an article originally published on 321gold.com on December 10, 2020)
Brigadier Gold recently released outstanding first results from the first hole assay in a 40-hole 5,000-meter drill program that is the first ever conducted on the mine. That’s right, it has never been drilled in history.
The numbers can be a little confusing. This is a multi-element deposit with gold, silver, copper, lead and zinc all mixed in. The results were interesting to say the least. I used a great link coming from Kitco called What’s that Rock Worth? When I fed in the assays from the press release from two weeks ago, this is what I got.
I was quite impressed until I saw the date of the numbers. Kitco crashed a week or so back. When they came back up, no one bothered linking the What’s that Rock Worth? program to current and correct numbers. I wanted to write this piece two weeks ago. I sent an email to the Kitco technical guys and got no response and finally figured I was going to have to do the numbers in a spreadsheet of my own. So here goes.
So the high grade 1 meter intercept worth $1,851 five years ago is actually worth $2877 at today’s prices. Naturally nobody will make that much from the rock, there are always losses but it gives you the ability to compare it to say GR Silver or Vizsla results.
In my spreadsheet I also put in the 7-meter intercept that contained the 1-meter ultrahigh grade numbers. And I think any observer would realize that 7 meters of $500 rock is a home run.
In my view Brigadier is a slam-dunk for higher prices. As of September 30 they had $2.2 million in cash. There are 14 million warrants at $.10 that are solidly in the money and in fact they may be the overhang that is making the shares so cheap today. They will bring in another $1.4 million when exercised.
Two weeks ago the company had completed 18 of the 40 holes planned. The market is going to wake up to what Brigadier is sitting on sooner or later and I expect a 300-400 percent higher move when it is clear that the correction and Tax Loss Silly Season have ended.
I did not participate in the latest BRG PP but I have gone into the open market and picked up a number of shares. I really like the story. The stock is cheap compared to their nearby neighbors and that isn’t about to last for long. Brigadier is an advertiser and I am biased. Do your own due diligence.
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