I first wrote about Barksdale Capital Corp. (BRO:TSX.V) in late February of this year. As the price of copper dropped so did the price of the shares. They were $0.55 then, have recovered a little and only $0.57 today even as the story is better understood.
They made a giant step forward a few days ago when Teck stepped up to the plate and took a $1.5 million dollar placement into Barksdale. That will put them at 8% ownership in addition to a 15% ownership already by Osisko and having Eric Sprott as a major investor.
I cannot stress enough what a simple decision this is to invest in what will be a major base metals deposit. It sits on the border with the $2.1 billion Taylor project owned by South32.
If the Taylor project is worth $2.1 billion and Barksdale has the lion's share of the system, Barksdale is worth a hell of a lot more than $21 million for their 67.5% of the sweet spot. Management thinks so, I think so, Osisko thinks so, Eric Sprott thinks so and now Teck thinks so. Just what are you waiting for?
I own a lot of shares bought in the open market. BRO is an advertiser and I am biased. Do your own due diligence.
BRO-V $0.57 (Jun 13, 2019)
BRKCF-OTCBB 38.6 million shares
Barksdale Capital Website.
Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.[NLINSERT]
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