BRB 0.00% 47.5¢ breaker resources nl

Undervalued 1 MOZ Gold JORC, $20 million in Cash

  1. 2,009 Posts.
    lightbulb Created with Sketch. 450
    I've been following the story of BRB for many years, given the current Gold climate and shell companies going ballistic on Au tenement acquisitions, it appears the market has missed BRB entirely.

    For those unaware BRB has extensive land holding in proven gold country, only 100 kilometres from Kalgorlie, current JORC of 1 million ounces of GOLD (minimal risk), well funded with over $20 million in Cash, institutional backing to continue drilling expanding current resource to PFS.

    3 drill rigs currently spinning with 2 new discoveries not included in JORC reserves made all within very close proximity to the Bombara deposit with further underground potential to improve metrics and LOM.

    Given what's going on with Gold atm, the company strong cash position, I'd expect to see a steady flow of positive news over the coming months, at current MC that means lots of room for the SP to rerate to a more realistic valuation.

    Risk to reward seems very favourable IMO with plenty of upside.

 
watchlist Created with Sketch. Add BRB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.