RE:For the lurkersHi DOC,
I agree with your assements, and I became a BRZ investor recently, the trading volume is just so low and difficult to buy the shares at all.
What's I like BRZ is its high grade and advanced stage of development, what I don't like is its shared salar with others and 3 partners. Without agreements, it is hardly to get things done sometimes.
To move forward, some options could happen:
1. Get the project financed from Mitui and others, and move the project into production;
2. Some big pocket guy or MSB neighbour buy out MSB;
3. Biger partner LPI buy out its smaller partner BRZ.
The above 3 options are all good for BRZ. I believe BRZ is under valued, with the stage of its development and great project. However, it seems not too much interests in BRZ from investment community.
tiger
DOCInvestor wrote: Okay I own this dog, but if you are the speculative type and a tad optimistic, here is some food for thought:
BRZ has a 17.35% interest in the project.
LPI has a 51% interest.
LPI has a market capitalization of 70.90 million CDN.
BRZ has a market cap of 16.5 million CDN,
Equivalent interest has BRZ at 48.5 million. That's a 46% undervaluation. BRZ has roughly equivalent option/warrant exposure.
LPI has about 875,000 share volume per day. BRZ has volume of 31,000.
With such low volume and such a discrepancy in what should be equal value propositions, it certainly seems like BRZ has a lot of upside potential.
Of course, maybe LPI is just overvalued. But that is a massive gap.