OT Committee Bay Resources CBR.VI've loaded up at these levels.
Canaccord has a 12 month price target of $1.33. It's currently at $0.47.
This is a near term start up story. Recent news is that it's Redemption JV [50%] is hiring personnel, building ramps, and getting the paperwork needed to restart it's 3-Mile Mill in Auz. They've been drilling and high grading at the Tindals Mining center for the last two years and the high grades found are rapidly improving the project economics. Latest drill results were showed lots of high grade extensions at the Perseverance mine in the Tindals Mining Center. With the modifications they plan, they project the mill will able to process 120-140,000 TPY, so substantial CF on the horizon. CBR owns some neighboring lands 100%.
The Redemption JV is only the prelude. CBR has the largest greenfield find in Canada in the last 30 years. There was an extensive drilling campaign there this winter. Grades coming out of prior winter efforts have been remarkable. We await more results.
This one is worth some study.