Canadian Stocks

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A German newsletter writer has initiated coverage of our BCK.v which I had previously mentioned was a steal under .20c. The english translation of his piece is below.
cheers.
mike


Blind Creek Resources (TSX: A12F38) - This zinc stock is facing a rate multiplication!
19.03.2017
|
Michael Türk
Dear prospective of millionaire letter!

After you could bring in 96.8% gain in 2015 with my buy recommendation Banro Corporation and in 2016 with my buy recommendation Berkwood Resources over 100% gain (Source: https://www.millionaersbrief.de/single-post/5798b6570cf233f0ee88af5a ) want I will now introduce an incredibly interesting zinc shares to buy, where the company founder Frank Callaghan have nearly 45% of the company together with the management!

The zinc market is considered one of the most promising commodity markets in the coming years such. This is because many large zinc mines had to close completely (because the entire resource has since been removed) or their production is declining. This has meant that the zinc supply has massively reduced the market, while demand is at an increasing level. So there was in 2016 a large supply deficit, which could only be covered by inventories on the LME (London Metal Exchange).

But in the meantime, the inventories at the London Metal Exchange are virtually deserted and fell below 200,000 tons. This is the lowest inventory since 2008. And in New Orleans, another warehouse for zinc things look similar. For zinc, so there is currently a real bottleneck that for years, the prices for zinc above stop and let rise because the supply deficit for zinc is not a development that will be fixed in one or two years. Will be able to raise production to a permanently higher level, are expected to pass four to five years. As such, it is also absolutely no wonder that zinc was having a gain of 60.1% of the raw materials with the highest price increase in the 2016th

These highly volatile situation in the zinc market over a period of several years makes the speculation with zinc values such as Blind Creek Resources , which are now at the beginning of its development phase, highly lucrative!

The main project of Blind Creek Resources is the panel project . This is a zinc-lead-silver project that already has a huge historical raw material resource with:

1.3 billion (!) Pounds of zinc
1.2 billion (!) Pounds of lead
35.3 million ounces of silver

features.

At current commodity prices of 1.23 USD per pound zinc, USD 1.02 per pound of lead and $ 17.09 per ounce silver from it a current market value of the existing historic resource worth of not less than calculated 3.42 billion USD respectively . 4.6 billion CAD.

What is equally remarkable is that you alone on an incredibly high resource of the "by-product" Silver 35.3 million ounces of silver comes. That's more than the fact that most pure silver Explorer and here is no less just a byproduct.

The former owner, incidentally, was none other than Billiton Metals Canada, a subsidiary of commodities giant BHP Billiton (market capitalization: USD 96.14 billion). Billiton Metals Canada it was who customize the resource estimates in 1991 has had.

Therefore, these are also a historical resource because it has never been at this time the NI-43-101 standard, as it was only 10 years later introduced in the 2,001th

To date, no less than 13.2 million USD ($ 9 million alone by Blind Creek, another $ 4 million from the previous owner) was invested in the exploration of the project. We come next to the valuation of the company on the stock market:

There are currently 20,120,000 shares outstanding , resulting in the current rate of 0.315 CAD a market capitalization of around 6.3 million CAD calculated.

This is an absolute joke, considering that the raw materials in the soil have an almost incredible value of 4.6 billion CAD.

Even if one assumes that the company is worth only 1% of the currently available resources, then I come here to a fair enterprise value of 46 million CAD, which about 20 million shares, target price of 2.30 CAD per share corresponds! As a rule, but it is even so that the companies are usually valued on the stock market even with 5 to 10% of the existing in-situ value (= existing raw material equivalent).

Therefore, the stock is an absolute mega-deals in the market. This obviously also sees the management team and the company's founders (Frank Callaghan) so, for such persons together have nearly 9 million shares, representing the equivalent of about 45% of the company corresponds. That's an incredibly high insider share in this company and I am no other company known where the insiders such a high share of the companies hold as it is here at Blind Creek Resources the case.

That this stock is an absolute mega-deals is only my opinion and only the fact that one has been behaving very quiet, to the management and the company's founders were able to even secure a large share of the company. It has previously worked deliberately and systematically under the radar of investors, which is now available, but should change!

we summarize the most important facts about Blind Creek Resources again briefly:

- Historical resource on the panel project has a value of 3.42 billion
- management and company founders have now account for around 45% of the company
- Zinc is facing high price increases in the coming years
- Over 13 million CAD has already been invested (at in exploration the aperture project)
- stock market valuation is only around 6.3 million CAD (or 4.5 million USD)

And the most important again to close: In a fair valuation of just 1% of the existing historic resource, the target price of 2.30 CAD per share!

But that's not all! Recently announced that the Engineer Gold Mine and the Gold Hill you want to acquire real estate.

Please read for yourself the full company announcement dated 03/03/2017: http://www.stockwatch.com/News/Item.aspx?bid=ZC%3aBCK-2449463&symbol=BCK®ion=C

The purchase price for this was at very low 350,000 USD and has already been paid. The final completion of the purchase is to be expected in a few days once all documents have been submitted in accordance with and approved by the regulatory authorities.

The management of Blind Creek resource here is an absolute bargain successful when you consider what you consider what you get everything for the "bread and butter price" of 350,000 USD

The Engineer Gold Mine is a historic gold mine in the Yukon, which stretches over an area of 3,537 hectares. There already diligently gold production in the past and it is even fully functional processing mill on the project available. More on this below in the video!

As on the website of the previous owner (BCGoldCorp.com) is read, there is for the project already a NI 43-101 resource estimate with 41,000 tons of rock with a sensational grade of an average of 19 grams per ton of rock.

For those who are unfamiliar was so well with the gold grades said that most of the mines today with an average of 1 gram of gold (!) Per ton of stone work and even very profitable as a rule! And the average gold grade in the resource of the Engineer Gold Mine located in the 19 times (!), Namely 19 grams of gold per ton of rock!

Alone on the main ore zone "Shear Zone A" is the previous owner BC Gold Corp. suspected a resource of 500,000 ounces of gold up to 2 million ounces of gold. This is also very good on the home page of BCGoldCorp read.

but I could still make on the website of the previous owner more details Engineer Gold Mine located, which are much more interesting in my opinion:

It is on the project that is already a 100% approved and fully functional 30 tonnes per day processing mill present, so that the project has to be brought into production in the near future, the potential.

Already in 2011, a smaller test production was carried out there, as the following video shows:



With a manageable amount of investment it would even be possible production within 2 to 3 years to ramp up daily 100 to 200 tons per day. See this for yourself:


Quelle: BCGoldCorp.com

At an average content of 19 grams per ton of gold would then produce between 60 and 120 ounces of gold per day.

With a production of 60 ounces per day Blind Creek Resources would be very comparable with StarCore International (TSX: SAM), which currently produces about 50 ounces of gold per day. This company is currently rated by the way in the stock market with about 25 million CAD - and Blind Creek Resources currently only around 6.3 million CAD.

That means for me that Blind Creek Resources has alone with this project an incredible upside potential, even if the main project of course remains the visor project with a tremendous historical resource of 1.3 billion pounds of zinc, 1.2 billion pounds of lead and 35, 3,000,000 ounces of silver (current market value: about 4.6 billion CAD).

But again we come back to the Engineer Gold Mine. For if we take into account that here today already more than 4 million USD was invested in exploration, then the whole again underlines the bargain price of 350,000 USD.

What I love so incredibly like about Blind Creek Resources, the fact that the company has the same two very hot irons in the fire. Whether ultimately the panel project, or maybe just the Engineer Gold Mine is a success, it is already one of them enough so that the share will be multiplied.

Even if the number of shares is probably again slightly increase to the historic resource on the panel projects through corresponding holes can be upgraded to the new Canadian NI 43-101 standards in an NI 43-101 compliant resource estimate or up on the Engineer Gold Mine actually producing gold again, so I concede the stock itself under the circumstances in a medium to longer-term fair price target of at least 2 CAD.

Since the company equal to two very high quality projects in its portfolio, we have in fact also two realistic chances that the company will be a success.

And that explains precisely also why the company's management and the company's founder stop here for about 45% of the shares, although this high insider share in the junior exploration sector is extremely unusual!

But for us that can only be positive, because if the management and the company's founder Frank Callaghan himself invested large sums of money here, then you can be sure 100% that you will just do our utmost that Blind Creek Resources into a successful is heading forward and the share price will rise accordingly towards my target price of 2 CAD.


Notice pursuant to Section 34b WpHG a possible conflict of interest: Michael Türk holds shares of Blind Creek Resources.


Quellenangabe: http://www.blindcreekresources.com/i/pdf/ppt/presentation.pdf


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http://www.millionaersbrief.de
Responsible person: Michael Türk
https://www.millionaersbrief.de/single-post/2017/03/20/Blind-Creek-Resources-WKN-A12F38---Diese-Zinkaktie-steht-vor-einer-Kursvervielfachung
Release Date: 3/20/2017
Current price price determination: 0.315 CAD

Disclaimer:

The information published is based on careful research the editors of SOLVD UG (limited). Despite great care in creating this company analysis the SOLVD UG (limited) is not responsible for the accuracy of this data and information. Corporate information is used exclusively for the reader's convenience and is not an invitation to buy or sell the security.
Keyword:
Blind Creek Resources
Gold