Brunswick Exploration Inc V.BRW

Market Score: BRW 97 cents versus NILI $ 1.05 per share

[deepoil0808]

Lets review the major catalysts for each company:

BRW

They are drilling a maiden project at Mirage of  5,000 meters, its core asset, with drilling results in more or less November 2023.   

Company has no discovery on Mirage and very little on the rest of its portfolio holdings.

Market cap $ 200 million.   Volume is very low, which means not alot of new buyers. 

If drilling results miss or are not up to par with PMET, expect a rapid downward slump in price.    Companies with no discoveries carry valuations of +/- $ 30 million.


NILI

News pending next week on 5 drill holes in Nevada, one hole doubles the strike and, another hole tests width of 400 meters.

This is a MAJOR CATALYST as confirming lithium will mean that they have a MONSTER lithium deposit.

In October 2023 drilling of 3 more holes to test depth and, to test width to  double its size, if successful, would expand the deposit.

In November 2023, Maiden Resource Report will be prepared to divulge to the world how much lithium is in place.   It is expected to be a MONSTER. 

Nili carries a cheap market cap of $ 140 million versus peers whom are trading at 20x to 80x times their value.    Sprott has initial target price at $2.38 per share as of today, subject to re-rate based on these material catalysts.

CONCLUSION

Brw mirage project is VERY RISKY as it is one core asset, with no discovery and richly valued at $ 200 million.

NILI in Nevada has a world class lithium discovery, that can be doubled and tripled on its land and, is cheaply valued at $ 140 million.

NILI had doubled in price from the 55 cent level in the last few weeks and volume has been incredibly strong. 

Good Luck

[snapper2112]

I own both so fingers crossed they both succeed. Odds getting better everyday.

[deepoil0808]

I am happy for you. BTW I am not bashing BRW as it was an excellent stock for me, bought initially at 30 cent level when it was very cheap. I excited all of my positions, pulled 250% return. I am of the opinion that BRW is too risky at these levels because of their market cap and no discovery. BRW had promoted itself as being different, 20 lithium companies in 1, located all over Canada. 

[geolteacher]

deepoil - thank you for mentioning NILI, it caused me to look at them, but that left wondering: Do they have water rights? How high is their risk for endangered species, or archeological/native american issues? Who owns the land?

[deepoil0808]

You welcome, If you read on ceo.ca for nili you will see confirmation that: (a)  They have the water rights (it is private water) (b)  Firm was hired recently to prepare environmental report and on species + archeology (to date there is no issues) (c)  NILI owns the land Sprott analyst who has visited the land is calling for a 20x to 80x jump in price based on what peers