Trailbreaker Resources Ltd V.TBK

Newmont Agreement

[Raptor7]

Go to the company's website and the most "neon sign-like" success they boast is their "$53 million Arrangement with Newmont". Even though the deal was inked nearly two years ago, it seems this one thing remains their greatest talking point. But hey, it seems to work.

What exactly has this arrangement brought them so far? It's brought them more than 10,000 metres of drilling --- 2,900 and 7,700 metres in 2017 and 2018, respectively --- and to my knowledge the best result from all this drilling is a less-than-stellar 7.17 g/t Au over 0.85 metres. Yup, the best! And from their website we find the following other results they deem --- cough, cough --- worth sharing.


  Not to be deterred, shareholders continue to reason this a $16 million company and though this is a long way down from its loftiest of heights reached about 1.5 years ago, it still very generously values the company among the top 25% of all mining companies listed on the Venture Exchange. Crazy!