I believe it was Jay Taylor’s newsletter that used to have a “moonshot” section of very low-priced juniors, who he felt could see their shares appreciate greatly from just literally pennies a share.
Big Ridge Gold Corp would in my opinion, be near, or at the top of such a list.
An updated resource on its Hope Brook Gold Project in Newfoundland is due in by the 2nd quarter of 2023, which already had a resource of a million ounces.
In addition, they just announced drill results from their Destiny project in Quebec, with a 600,000 ounce resource.
The stock has just an $8 million Cdn market cap (current share price is just .08).
It seems to me no matter how they go forward to advance one or more of these projects (even a share restructuring), in the end, the company can have a much higher valuation then just $8million Cdn.
This is not a recommendation to buy shares, but I do think those who have true risk capital and know failure is the norm in the junior resource market, should take a hard look at the company.
