Big River Gold is a Gold Mining and Exploration Company. I believe Big River Gold has mid term and long term potential. Currently Big River Gold is trading at 1.8 cents, however it can even cross 30 to 40 cents in near future.
Key Highlights:
Big River Gold owns Borborema Gold mine located in Brazil. Borborema has 2.4 million ounces of Gold with mix of high grades and low grades at depth.
Borborema's DFS is in progress and will be announced in Q4 2019.
Big River Gold has received offers from local Brazilian Banks to finance construction for Borborema Gold mine. Currently under negotiation.
Borborema's Construction will start at the beginning of 2020 and will be completed in 8-9 months period as it is going to be simple plant.
Gold production will be started at the end of 2020.
BRV's target is to mine 100,000 oz gold per year and approximately $200 million AUD profit per year.
75% BRV shares held by insiders and only 25% shares held by General Public.
BRV has 11 years of license for Borborema.
BRV sold high grade Juruena Gold mine to Meteoric Resources MEI:ASX. BRV recieved cash from MEI and 50 million shares at price of 1 cents per share which worth now 6.5 cents per share.
CEO of BRV bought more shares on Market 3 times in last 2 months.
Gold mining will be done by open pit method which will reduce cost and will bring more profit.
Currently BRV has no debt and owns two Huge lithium mines which haven't been explored yet.
@FinanceChaplain, Thanks for the feedback. Sorry I got busy in writing investment blogs. please visit my website hottstocks.com if you are interested in reading my blogs. Big river Gold is currently in discussion with financiers and highly likely share holders won't be disappointed IMO only. BRV could become a multi bagger stock by end of 2020 and onwards, great price now. IMO Not Financial advice. Thanks.
sisu88
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Do you still see this company progressing? currently seeking finance..
StarX
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@sisu88, yes currently BRV is in the final stage of discussion with finance providers who approached BRV to fund Borborema’s development and then after a simple mine construction will start and we may see BRV producing gold at the end of 2021 or beginning of 2022. According to pitt st research the current fair value of BRV should be 10-15 cents per share