Post by
deepoil0808 on Sep 11, 2023 11:49pm
BRW to test lower levels as RISK has increased
BRW hit 92 cents today and has been on a steady drop of late. I expect this trend to continue as selling pressure mounts.
Fact is that BRW is just too expensive as a market cap without a discovery.
90% of their budget is being spent on Mirage, so all eggs in one basket.
Given past track record, shareholders are right to be concerned on BRW.
450 pegamatities eliminated in a matter of months
Hearst turned out to be a bust.
Anatacau West have very little lithium
Anatacau Main has a few pegamatites of interest
Plex core shack had nothing of value
Source of Mirage has not been found
How can investors justify such a large market cap for BRW? It is just based on hope.
Myself I switched to NILI.V which has a mega discovery, which is getting bigger and valuations are ultra cheap compared to BRW.
To each his own,
Good Luck,