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Saw the dip with volume. I called Ian the CEO and asked if the are any reasons for this sell-off. He said no. Everything is going well and there should be some positive news on 5-6 weeks. Sooo I picked up more shares. This one's fair value should be 7x from here.
Yes, well said and all true.
When the dollar loses its status an it is when, not if, seeing that the BRICS and 150+ other nations are plotting to abandon the dollar very soon then how gold reacted to recessions in the past will have a lot less impact then the end of the dollars king status.
I really expect a return to a gold standard or commodity based standard from many countries to be established. The world is fed up with US domination. Printing all that money has caught up. Time to pay the piper. Some sort of reset is going to be forced to happen.
Great interview. Confidence building.
(adding again lst link failed.
One of the statements in interview is they hope to see oz in ground to be increased to over 1 Million.
If that happens and gold price jumps to $5000+ the value of this play will explode. I don't know if
they will expand resources that much but I have no doubt gold will hit +$5000/oz
It is time for Sonoro Gold to get some attention. They are getting very close to some important catalyst. AND the pps is totally beaten down with the sector. Undervalued greatly at a time when they are very near a Environmental Permit and a production goal of 12 mo.
here is a great interview that greatly increased my confidence in my investment here.
Here is an interesting article about some states making Gold and silver legal tender.
https://schiffgold.com/key-gold-news/missouri-bill-would-take-steps-toward-treating-gold-and-silver-as-money/
Expecting big run in 2023. They continued to expand the vanadium resources and hopeful the potential gold beneath the vanadium will be grown next year. Undervalued and should easily see 100% short term. Long term 10x very possible.
Yes interesting and IMO very true. There has been much accumulation of gold/silver by the smart money. The day is coming when PMs will run and run hard. Agree very likely before end of year.
Undervalued - hear this agreeing to that.
Agree. It will be after the crash that PM's will payoff in extraordinary fashion.
Hi Implanting. If you haven't heard this I think you will find it very interesting.
Regarding Short covering and huge $50 Million PM purchase.
How the big boys are getting ready with gold/silver. Very interesting.
I just heard commentary talking about digital currency and it would still be based on dollar and if dollar crashes and I think it will then it's digital will too. Don't know that is true but I was wondering about that.
Braveheart Announces Delay to Preliminary Economic Assessment at Bull River Mine
Calgary, Alberta--(Newsfile Corp. - July 13, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") hereby announces that the Preliminary Economic Assessment ("PEA") for its 100% owned Bull River Mine, near Cranbrook, B.C. has been suspended pending an improvement in metal prices.
The Company originally announced commencement of the PEA on February 9, 2022, with an expected completion within 120 days. When Braveheart originally commissioned the study, the price of copper was US$4.50 per lb. Since that time, the price of copper has declined to US$3.35 per lb. The Company continues to exercise discipline in any of its cash spending. As a result, the financing of any technical study, not specifically related to the permit application to restart the Bull River Mine project, has been put on hold.
The Bull River Mine is fully developed and dewatered with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 700 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.
Ian Berzins, President and CEO, commented, "We look forward to completing a PEA study on the Bull River project, but this will not occur before the third quarter of 2022 and may be further delayed if commodity prices remain under pressure. Delay of this study will not impact on Braveheart's current discussions with the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI"), the Ministry of Environment and Climate Change Strategy and the Environmental Assessment Office ("EAO") of British Columbia regarding its permit application to begin processing existing mineralized stockpiled material on surface at the mine and then resume underground mining operations."
Hi Implanting here is a very interesting analysis on gold's real value.
I found this NIA assessment very interesting. You may too. And we know where Gold goes Silver follows.
At 8:49AMEDT this morning, gold dipped to a low of $1,783.40 per oz, falling slightly below its May 16th low of $1,785 per oz. If gold was an overvalued/overbought asset like Bitcoin... falling below $1,785 per oz would have caused a massive sell-off to $1,700-$1,750 per oz. Instead, over the following nine hours... gold made its most meaningful bounce in history on very strong volume! At 6PMEDT this evening when the futures market closed for the week, gold's last trade was $1,812.90 per oz!
Gold bounced by a stunning $29.50 per oz from this morning's low, which means gold has fully capitulated and there is nobody left to sell!
Gold has officially made its most important double-bottom in history! After sixteen months of gold consolidating at higher lows in line with growth in M2 money supply per capita, gold is ready to rally for the next 2-3 months straight without dipping!
That news shows one very expensive load. $5 Million load costing $2.75M when the post 0.25% royalty is added. "Upon satisfaction of the Maximum NSR Payment, the royalty rate under the NSR shall be reduced from 3% to 0.25%. The 0.25% NSR can be purchased by Braveheart at any time for $1,000,000". But it allows them to work towards production without dilution. A reasonable compromise I guess.
Braveheart Resources Completes Loan Conversion Agreement with Matlock Farms
Calgary, Alberta--(Newsfile Corp. - June 29, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") is pleased to announce that the Company has completed a Loan Conversion Agreement (the "Agreement") with Matlock Farms Ltd. ( the " Lender"). Braveheart and the Lender are parties to a loan agreement (the "Loan Agreement") dated January 19, 2019, as amended January 19, 2021, pursuant to which Braveheart has borrowed a principal amount of $5,000,000 (the "Principal") from the Lender.
The parties have entered into this Agreement to amend the terms of the Loan Agreement to allow the conversion of the Principal plus accrued interest of approximately $500,000 into a 3% net smelter royalty (the "NSR") on the Bull River Mine project near Cranbrook, British Columbia.
Highlights of the Agreement include the following:
The NSR will be capped at a maximum of $6,750,000 (the "Maximum NSR Payment"). Braveheart will make bi-annual payments on or before June 30th and December 31st of each year of $150,000 as advance payments against the NSR and such payments shall be deducted against and reduce the Maximum NSR Payment.
Upon satisfaction of the Maximum NSR Payment, the royalty rate under the NSR shall be reduced from 3% to 0.25%. The 0.25% NSR can be purchased by Braveheart at any time for $1,000,000.
Upon execution of this Agreement the obligations owed by Braveheart to the Lender under the Loan Agreement shall be paid in full and all other indebtedness of Braveheart under the Loan Agreement shall be satisfied in full.
Ian Berzins, President and CEO, commented, "We are extremely pleased to complete this Loan Conversion Agreement with Matlock Farms Ltd. Our balance sheet has significantly improved with the elimination of $5,500,000 in debt and the Agreement does not result in share dilution. The Agreement improves our ability to raise new capital to complete the restart of the Bull River Mine project. The Loan Agreement was originally required to allow us to purchase the Bull River Mine project. The Company expects that the Maximum NSR Payment will be completed over the first four years of the mine life."
Just found out the why? -- Bob Moriarty at 321gold.com just wrote a new editorial on Braveheart. He has a strong following.
Metals Up for Rebound.
Braveheart Ready
Bob Moriarty
Archives
May 16, 2022
In the entire financial universe nothing ever goes straight up or straight down with perhaps the exception of the 10,267-clipto currencies led by Bitcon. Corrections and rebounds happen on a regular basis.
I follow the Daily Sentiment Indicator closely as my regular readers are well aware. The DSI for the Stock Indexes and most foreign currencies hit near record lows in the last three weeks but have turned higher as the DSI for the Dollar Index has been dropping making the market for resources more favorable. Monday the 16th of May is a full moon and would be a great time for a rebound in shares including resource stocks that have been hammered over the past month. If there is a rebound, get cashed up.
I’m on record as saying I believe we are in the greatest financial collapse in history. I use as a comparison the DOW Jones dropping 89% between September of 1929 to July of 1932. But even during that period there were big rallies that managed to convince the ordinary investors, indeed even the “experts” that the worst was over.
So basically I think bonds are going to crash, the stock market is going to crash; the clipto currencies have already lost $1.7 TRILLION. In short, investors are going to dump everything that will catch a bid to get the margin clerk off their backs.
So I’m going to do my very best to find stories that are so compelling that they will hopefully remain afloat as the rest of the fleet sinks to the bottom.
Braveheart Resources (BHT-V) certainly qualifies by every measure. The company has two 100% owned properties. One has 100 million pounds of high-grade CuEq at the Bull River Mine in Cranbrook, B.C. It’s a project that has had $200 million spent on mine development for production between 1976 and 2010 and $100 million on existing usable infrastructure. Bull River has a 6.5-year life and an awesome ROI of 92% on an investment of $6.5 million. The project comes with $30 million worth of already mined ore at the surface.
The 2nd major project, a Copper-Nickel deposit, the Thierry Mine at Pickle Lake, Ontario contains 1.3 billion pounds of copper at 1.6%+ and an after tax NPV of $488 million at a 6% discount rate giving a 36%+ IRR with a fourteen year mine life. At today’s price for copper as I write, that is $5.3 billion worth of copper in the ground. That should be worth something.
Preproduction costs for the first three years in the latest PEA call for a total of $322 million offset by operating cash flow of $180 million so only $142 million would be required to put the 4,000 TPD mine back into production. Payback is a tiny 3.1 years.
It is no secret that we are not headed for a copper and nickel shortage. We are there.
If the world is to transition to an EV world we have to have a lot more nickel and copper than is being produced today. Both of these mines will be put back into production. While inflation is obviously an issue with any numbers people are guessing today, if diesel and electricity go up, so does the price of copper and nickel.
If Braveheart has an issue that has created the absurd situation where a company sitting on almost $6 billion worth of copper, nickel, gold and silver has a market cap of $17 million it is because the company is run by mine builders. They have a good website and lots of nice technical data but the market simply doesn’t understand the story. The stock is absurdly cheap and down 35% in the last month as the margin clerks ran havoc with the resource sector. The low for the last year is $.06 and frankly I don’t consider a 20% drop much of a risk.
I made a lot of money in early 2016 when the market went nuts buying a lot of stocks selling for less than $.10. This was over $.10 a month ago and buying today and selling at the high in the last 30 days would make almost a 50% profit. That’s worth doing.
Braveheart is an advertiser so I am biased. Do your own due diligence.
Braveheart Resources
BHT-V $.075 May 13, 2022
RIINF-OTCBB 224 million shares
Braveheart website
###
Bob Moriarty
President: 321gold
Archives
Big pop in PPS with some volume. Why?
A Copper Junior Trading 55% Below Our Worst-Case Scenario
An updated Preliminary Economic Assessment (PEA) on the Thierry Mine project (Ontario) confirmed that the initial CAPEX can be lowered by 21%, by mining the upper workings initially, and deferring the construction of a shaft to access the lower workings.
FRC Research
As a result, the project’s AT-NPV6% increased 20% to $287M, with an attractive AT-IRR of 25%. We are raising our fair value estimate on this company from $0.39 to $0.45 per share.
This company has obtained an exploration permit. Management is planning a 5,000 m drill program to potentially upgrade and expand the current resource estimate.
A PEA on the Bull River mine is expected by May-June 2022. As the initial CAPEX estimate is very low ($6.5M), we are expecting robust economics.
https://www.researchfrc.com/wp-content/uploads/2022/04/BHT-April-2022-Update.pdf?utm_source=ActiveCampaign&utm_medium=email&utm_content=A+Copper+Junior+Trading+55++Below+Our+Worst-Case+Scenario&utm_campaign=Braveheart+Resources+Inc++%28TSXV%3A+BHT+%2F+OTCQB%3A+RIINF%29+-+Trading+55++Below+Our+Worst-Case+Scenario+-+Free&vgo_ee=eLkoaQ0QFwoR6N1zcB1IjQ%3D%3D
It will be interesting to watch Jeff and team build this company. There are so many highly profitable opportunities in the crypto world and to know we have a very intelligent and experienced team totally focused on finding some of the best. Could be very exciting for us shareholders. HODL!
Apr 26, 2022, 11:43 PM (2 days ago)
( this is a copy of a post on another message board. An answer from CEO.
Appreciate your feedback.
I'm building Cypherpunk into a business, not just a holding company.
Details to come in the upcoming investor update.
I was encouraged with this email response from Jeff . Timely and on point
Fundamental Research Corp's new Report on Braveheart shows that fair value is C$0.45 BUY Current Price: C$0.10
Highlights
* An updated Preliminary Economic Assessment (PEA) on the Thierry Mine project (Ontario) confirmed that the initial CAPEX can be lowered by 21%, by mining the upper workings initially, and deferring the construction of a shaft to access the lower workings.
* As a result, the project’s AT-NPV6% increased 20% to $287M, with an attractive AT-IRR of 25%. We are raising our fair value estimate on BHT from $0.39 to $0.45 per share.
* BHT has obtained an exploration permit. Management is planning a 5,000 m drill program to potentially upgrade and expand the current resource estimate.
* A PEA on the Bull River mine is expected by May-June 2022. As the initial CAPEX estimate is very low ($6.5M), we are expecting robust economics.
* is working on a permit application to resume production. We note thmayat permitting remains a key risk for projects in B.C. Our discussions indicated that management is expecting to receive a permit by Q4-2022. If successful, we do not believe they will have any challenges raising capital, and/or advancing the project to production.
* In our worst-case scenario, the company runs into permitting issues at Bull River with zero value assigned to the project, our fair value estimate drops to $0.22 per share. BHT is trading at a 55% discount to our worst-case scenario.
* We believe the current environment (inflation, potential for additional supply chain disruptions amid rising tensions between the West and East, and high oil prices, partially offset by slower growth in China) will support metal prices.
* Upcoming catalysts include drilling, permitting, and a PEA on Bull River.
Welcome. Yes great potential but be willing to be patient. I know that is really hard when it is a penny stock. We usually want quick results or we would not be here. But if looking for a 10x or more this is the place to be.
Reminder --- In further news, the Company plans to start its 2022 drilling campaign in Nevada in EARLY APRIL, firstly on the Carlin Gold-Vanadium Project with vectoring within the gold system.
Getting good increases here lately. As it should.
Investment of CAD $630k into Cryptocurrency Hedge Fund 168 Trading
TORONTO, ONTARIO, March 15, 2022. - Cypherpunk Holdings Inc. (CSE: HODL, OTC: KHRIF) (“Cypherpunk” or, the "Company"), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce a new investment of CAD $630k (USD $500k) into 168 Trading Limited.
About 168 Trading Limited
168 Trading Limited is a Gibraltar based Private Fund trading cryptocurrency and related derivatives. Their core strategies are arbitrage positions, term structure trading through futures contracts and overnight funding management. The Fund employs proprietary quantitative analysis and algorithms to achieve the goal of consistent profitability.
Cypherpunk Holdings CEO Jeff Gao led the move to diversify the company’s treasury management away from passive storage and made the following comments in relation to the partnership with 168 Trading.
“The time when publicly traded companies can get by as a vehicle for passively holding crypto is behind us. What will set Cypherpunk apart from the rest of the industry is our focus on surgically targeting pockets of excess returns in crypto volatility space and our focus on risk-adjusted returns as a metric for treasury management excellence. Going forward, Cypherpunk’s strategy will include operating a diversified portfolio of niche and highly technical strategies within the nascent cryptocurrency markets, some of which will be operated by third parties. We plan to engage partners with extensive trading experience who can perform crypto research for the purpose of profiting off volatility via directionally neutral strategies across exchanges and instruments. I am looking forward to keeping our shareholders and investors informed as the Company undergoes a pivotal transformation."
Why Invest in Phenom
* RIGHT MANAGEMENT – PROJECT – STRUCTURE – TIMING
* Stellar Technical Team - over 450 years combined industry experience
* On the Carlin Gold Trend of Nevada – one of the most desirable, favourable and prolific gold mining trends on the planet
* Double-play - large-scale Carlin-type gold system under high-grade Vanadium resource
* Gold targeting by renowned Nevada gold specialist and proven mine finder, Dave Mathewson
* Vanadium - a mineral of choice for next generation of green energy storage
* 84.4 Million Shares – listed on TSX.V: PHNM; US OTCQX®: PHNMF and Frankfurt:1PY
Shares Issued and Outstanding: 82,394,732 as of March 3, 2022
Warrants 25,644,492 (@ $0.26, $0.55, $0.65 and $0.75)
Options 5,380,000
Fully Diluted 113,419,224
Not aware of anything specific. Maybe somebody decided to load up. IMO this is still approx 4x undervalued. Bit frustrating to see it lingering at these levels.
Good PR. Nice to see Jeff is always reviewing and adjusting according to their collective wisdom. We are in good hands here. Load up and watch it grow.
Wasabi Dividend and Disposal of Animoca Brands Shares
TORONTO, ONTARIO, February 22, 2022. - Cypherpunk Holdings Inc. (CSE: HODL, OTC: KHRIF) (“Cypherpunk” or, the "Company"), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce recent events related to the Company’s portfolio.
The Company recently sold an additional 350,000 ordinary shares of Animoca Brands Corporation Limited (“Animoca”) at an average price of CAD $3.73 for a total proceeds of CAD $1,305,500.
Cypherpunk still holds 1.2m Animoca shares and continues to pursue a strategic relationship with Animoca as per the Company’s recently closed investment into TheGoats.io. In total the Company has realized a profit of 265% on its shares sold over the last 5 months.
Dividend from Wasabi Wallet
The Company is also pleased to announce the receipt of a dividend for the Fiscal Year 2021 from its portfolio company zkSnacks Limited, the developer of Bitcoin wallet “Wasabi Wallet''. Wasabi Wallet is an industry leading desktop wallet software that enables users to enhance their privacy while transacting on the Bitcoin Blockchain.
This is the second dividend received from Wasabi that was paid entirely in Bitcoin, totalling 3.06 BTC with a recorded value of CAD $168,810. Wasabi declared a 68 BTC dividend in January 2022, compared to a 60 BTC dividend in January 2021, representing a 13.3% increase.
In November 2019, Cypherpunk Holdings acquired ordinary shares of zkSnacks from its founding shareholders, representing 4.5% of the issued and outstanding ordinary shares of zkSnacks, for an aggregate purchase price of $337,500 USD. Jeff Gao, CEO of Cypherpunk commented: “Wasabi is highly profitable and is paying out just under half its net profits in dividends. To date Cypherpunk Holdings has received 5.76 bitcoins in dividend from Wasabi and we expect this trend to continue.”
Braveheart Resources Closes $826,250 Financing
Calgary, Alberta--(Newsfile Corp. - February 16, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") has closed a financing for proceeds of $826,250, comprising of 11,016,667 units with an issue price of $0.075 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at an exercise price of $0.1175 per share for a period of two years.
The Company paid commissions to eligible finders under the offering totalling $4,500 and 60,000 finder's warrants, with each finder's warrant exercisable into a common share at an exercise price of $0.075 per share for two years.
All securities issued under the offering are subject to a statutory hold period that expires four months and one day from issuance.
Proceeds from the financing will be used primarily for permitting and development activities at the Bull River mine project near Cranbrook, B.C.
The Company further announces that pursuant to its stock option plan, the Company has granted 4,000,000 options at an exercise price of $0.075 with an expiry date of five years from the date of issue to certain directors, officers, employees and consultants of the Company.
About Braveheart Resources Inc.
Braveheart is a mining company primarily focused on two near-term copper production assets in Canada. Braveheart's main asset is the 100% owned Bull River Mine project (>135MM lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. Braveheart's latest acquisition is the 100% owned Thierry Mine project (>1,300MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.
Contact Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@braveheartresources.com
Website: www.braveheartresources.com
For more investor information, please contact Braveheart at:
Manish Grigo
Director, Corporate Development
M: +1-416-569-3292
E: mgrigo@braveheartresources.com
NI 43-101 report (December)
Very detailed report for reading as we wait on next update'
https://braveheartresources.com/site/assets/files/2153/ni43-101_technical_report_resource_estimate_update_bull_river_project.pdf
Have not been invested here for a long time.
Not invested here and not following.