BIG RIDGE GOLD BRAU.V $11.4 Million in cash and a lot more coming, over 1 Million ozs as a starting point, targets of +160g/t in NewFoundLand
-Mike and I chat about the companies plans now that they have over $11 million in the treasury to expand the current 1.2 million ozs deposit (using a 2g/t cut-grade, the current resource was done at $1200 Gold) -They are cashed up for at least the next 3 years, no dilution risk -$11.4 Million in Cash plus over the next 1-3 years $8 million will come in from option payments due to BRAU and another possibly $10 Million in Warrants/Options ($4 million in the money currently) -Multiple expansion targets and satellite targets some grading +160g/t that haven't been followed up on prior or worked since the 1980's -Updated Resource is coming -A break down of the BRAU team -much more Doc's Abridged Thesis -Assuming Fully Diluted Market Cap 146 million shares out = $46 Million Market Cap with Cash = $11.4 Million + ($8 million in option payments to BRAU and $10 million in Warrants and Options in the next 1-3 years) = Total Cash $29.4 Million. Adjusted Fully Diluted Enterprise Value = $16.6 Million/ 1 million ozs net to BRAU as-is = $16.60 per mineable gold ozs where there is already enough scale to go into production. -They are unlikely to do another financing for many years and have the cash to expand and develop this resource beyond 2-3 million ozs -At a PEA level multiple on 2.5 million ozs of 75$ on ozs (25%-50) lower then their peers = MC 187.5 $Million, 4x return in 12-18 month with little downside risk. HOPE BROOK GOLD MINE Big Ridge – earning up to 80% 1,056 mineral claims totaling 26,400 Ha Stage: Advanced Exploration: The property hosts the Hope Brook deposit that consists of the Mine Zone and 240 Zone. The Hope Brook deposit is open along strike and at depth. 836,0004.11110,000Class Tonnes g/Au/tonne Au(ounces) Indicated 5,500,000 4.77844,000 Inferred https://bigridgegold.com/projects/hope-brook-gold-project-newfoundland/ Hope Brook NI 43-101 Resource Estimate (2015)* 3.0g/t cut off The NI 43-101 Resource Estimate for the Hope Brook Gold Deposit was SEDAR filed on June 8, 2021. Mineral Resources are not Mineral Reserves and by definition do not demonstrate economic viability. Nick Tintor, P. Geo., a Qualified Person under the provisions of National Instrument 43-101, has reviewed and approved the technical information described herein. Location & Infrastructure Southwest coast of the island of Newfoundland, in the Province of Newfoundland and Labrador, Canada. The property hosts a 28-person camp, existing tails storage capacity, a 1,100m airstrip and is connected to grid power. Historic Production BP-Selco made the Hope Brook discovery in 1983 and the mine was put into production in 1987. The Hope Brook Mine operated from 1987 until 1997 and produced 752,163 ounces of gold during that time. Project Summary The Mine Zone and 240 Zone remain open along strike and at depth; Current high-grade gold resource consisting of 844,000 ounces of gold in the Indicated category and 110,000 ounces of gold in the inferred category; Several additional targets have been identified through grab sampling, channel sampling and limited drilling with no or limited follow-up work; Significantly de-risked with respect to processing based on 10 years of production; Located in a mining friendly jurisdiction with access to skilled labour Doc's Website: https://drjonesresourceinvestor.wordpress.com. https://ceo.ca/@drjimjones. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message