The gold report interviewI went to Portugal, a mining-friendly country, in June to visit Blackheath Resources Inc. (BHR:TSX.V). Under its agreement with Avrupa Minerals Ltd. (AVU:TSX.V), Blackheath will have 70% this year and the option to acquire 85% of Covas, one of the highest grade, if not the highest grade, projects in Europe. So, while a competitor, such as Wolf Minerals Ltd. (WLF:ASX), will produce tungsten at an average grade of 0.19%, Covas has an average grade of 0.78%. This translates into a rough value of $310 per tonne of ore. The most recent Covas drill program has hit intercepts up to 1% and even 2% tungsten. Grade is king everywhere, be it in gold or tungsten.
Blackheath has a very good chance to develop its Covas and the Borralha project mainly because of its CEO, Jim Robertson. He was involved with Primary Metals, also a tungsten company operating in Portugal, which was floated at $0.15/share I think five or six years ago and was taken out by a Japanese metals trader at $3.65/share three years later. I trust this management team, and I’m pretty sure it will repeat the same trick.
https://www.caesarsreport.com/blog/juniors-that-can-deliver-the-goods/