+ Watch BRD
on My Watchlist
I am already in this with real money - 1.15 average price per share compliments of TMFSINCH. I don't think the company is going away. I think that gold is hammered now and they are working out their issues as far as operations and the stock will ultimately get where it needs to go. I figure I can cut my cost per share down and get my money back faster. I know...don't chase but I'm already in it to win it. I'm going for it.
currently selling at 3X cash flow..next years P/E less than 4 at current price of gold..Debt ratio below 1
Miners coming back and after some hiccups brd has the means and resources to make it good
Excellent company, amazing numbers of F/PE
Could be ready for a breakout up like Primero so time to get a little extra, just in case. I already bought at .79 and .83 earlier this year and figure the risk of a big fall is low.
Brigus Gold Reports Additional 147 Zone High-Grade Gold Results
Increasing profitability, QE 3
Great turn around gold miner. Near its low.
Foundation is coming together for the long haul.
Well the first thing which strikes me is Brigus has been reduced in share price severely over the last year. If what Brigus is saying in terms of their ramp up in production beginning 2012 is true and goes as planned then this mining company has been shorted to much. This mining company has at the minimum 2 million in gold ozs yet this could be a lot more. Therefore I have put my hard cash behind this company as I see a lot of growth ahead for Brigus in both share price and profits made by this company.
Tripled my stake at .73
why is this so down with positive news about its mining operation is gold really that down due to positive economy recovery results recently?
Yup. I buy-in tomorrow, March 6th 2012. I mean I figured, well... I live in my parent's basement & have money to burn... why not?Argue you me that logic.And if the market is headed for Term and for Oil, then shouldn't Gold ETFs benefit from the overall fiscal T-Moil?I think so. Plus, I live in my parent's basement. I have money to expend.Phenomenal timing to. I get in on a 52 week low. Again I challenge you to argue you me this.If only dear 'ol Dad could see me now. Too bad this ceiling/floor is in the way.
Ridiculous. $15MM equity raising spooks people out of shares at $0.95? Putting my money where my mouth is - bought shares at $0.95 today in RL. This is worth closer to $3 using very conservative production and cash costs on current mining operations. This also does not account for several very promising properties in which they have significant resource estimations. They have also recently changed management and seem to have put Black Fox "on the right track". Risky, but downside seems limited at this juncture. Do your own research, but seems wildly undervalued to me.
Big sell-off for the capital raising. I'll buy some here
Finally some good news:press releaseJan. 11, 2012, 7:00 a.m. ESTBrigus Reports Additional High-Grade Gold Assays from the 147 Zonehttp://www.marketwatch.com/story/brigus-reports-additional-high-grade-gold-assays-from-the-147-zone-2012-01-11
Huge reserves at Black Fox.he Black Fox Mine is located outside of Matheson, Ontario, Canada in the Timmins Gold District and is 100% owned and operated by Brigus Gold Corp. (TSXV:BRD). Both the open pit and underground operations are running concurrently with estimated average annual gold production of 110,000 ounces per year for 10+ years. The ore from the open pit and underground operations are trucked to the Black Fox mill, which Brigus recently announced would be expanded to process up to 2,200 tonnes per day. Brigus has been improving production rates and reducing cash costs at Black Fox quarter over quarter since the beginning of commercial production. In the third quarter of 2011, Black Fox produced close to 17,000 ounces of gold, and production is continuing to ramp up. Brigus also has an aggressive drilling program underway that is testing to identify resource additions from underground and from surface.Sandstorm TransactionSandstorm has an agreement to purchase 12% of the life of mine gold produced from Black Fox and 10% of the life of mine gold produced from the Black Fox extension (which includes a portion of the Pike River concessions) for an upfront payment of $56.3 million and ongoing per ounce payments equal to the lesser of US$500 and the prevailing market price per ounce of gold. Brigus will have the option, for a period of 24 months, to repurchase 50% of the gold purchase agreement by making a US$36.6 million payment to Sandstorm, upon receipt of which, the percentage of gold Sandstorm is entitled to purchase shall be decreased to 6% for the Black Fox mine and 4.5% for the Black Fox extensionhttp://www.sandstormgold.com/s/BlackFoxMine.asp
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