Barksdale Capital Gains Stamp of Approval from Teck

Bob Moriarty
Archives
Jun 14, 2019

I first wrote about Barksdale Capital in late February of this year. As the price of copper dropped so did the price of the shares. They were $.55 then, have recovered a little and only $.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 dollar Taylor project owned by South32.

But one of the world’s leading CRD experts, Peter Megaw, believes that Barksdale holds the heart of the system and the feeders to the Taylor project. I’ll be as direct as I can possibly be.

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.

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Bob Moriarty
President: 321gold
Archives

321gold Ltd