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Brixton Metals Corp V.BBB

Alternate Symbol(s):  BBBXF

Brixton Metals Corporation is a Canada-based exploration company focused on the advancement of its mining projects. The Company is engaged in the acquisition and exploration and evaluation of resource assets located in British Columbia and Ontario, Canada, and Montana, USA. Its projects include the Thorn copper-gold-silver-molybdenum Project, Hog Heaven copper-silver-gold Project, Langis-Hudson Bay silver-cobalt-nickel Project and Atlin Goldfields Project. Its wholly owned Thorn Project is a 2,867 square kilometer mineral claim group. The Thorn Project is located in northwestern British Columbia, Canada, approximately 90 km ENE from Juneau, Alaska. The Hog Heaven Project consists of over 10 sections of private land. The project is located in Northwest Montana, USA. The Langis and HudBay Silver-Cobalt-Nickel projects are located within the historic silver-cobalt mining camp over 500 km north of Toronto, Canada. The Atlin Goldfields Project is in Northwest British Columbia, Canada.


TSXV:BBB - Post by User

Bullboard Posts
Post by Dave4444on Nov 05, 2012 7:01pm
317 Views
Post# 20564965

Huge ore value here and low market cap.

Huge ore value here and low market cap.

 

Based on the current drill hole, the news release states that BBB has a shallow deposit with a grade of about 310 gram AgEQ or higher and a current size measuring 100m wide by 300m deep by 130m long approximately and likely to grow big time.  But just with the current information they have about 3.9 million cubic metres of rock (100 * 300 * 130) which works out to about 10 million tons at 2.6 tons per cubic metre.

310 grams per ton, discounted by 80% for recovery gives about 8 ounces of silver worth $30 per ounce, or about $240 per ton value.

Thus, the current value of the deposit would be in the range of $2.4 Billion.  Or over $1.2 Billion for BBB's share.  And yet the current market cap. at 20 cents a share is $12.6 million.  Talk about dirt cheap, and the deposit is very likely to grow much bigger.

 

 

 

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