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« The Healthcare Crisis of the Century | Main | Ukraine Was the 3rd Largest Nuclear Power & the Home of the Chernobyl disaster »
Monday
Mar032014

Brazil Resources: A Gold Company with Uranium Upside

By  - Exclusive to Gold Investing News

A recent research note by Cantor Fitzgerald initiating coverage of Brazil Resources (TSXV:BRI) highlights a unique opportunity in the company, which is known primarily for its gold assets.

In the note, Cantor Fitzgerald analyst Rob Chang points to Brazil’s rapid resource growth over the last two years, noting that the company has added high-value assets to its original portfolio of five projects. In fact, all in all, it has expanded its total resource by nearly 300 percent through a series of acquisitions; currently, it holds a resource of 3.9 million ounces of gold.

Brazil Resources has two primary assets, Cachoeira, which it acquired from Luna Gold (TSX:LGC) in late 2012, and Sao Jorge, which it acquired, along with two other properties, from Brazilian Gold (OTCMKTS:BGOZF). To date, the company has made strides on the Sao Jorge project, having advanced it from an indicated resource of 343,000 ounces in 2010 to the current 666,000 ounces (at a 0.5 g/t cut off), or by 94 percent. Meanwhile, Cachoeira has seen its resource expand from an indicated resource of 446,000 ounces in 2012 to 786,737 ounces in 2013 (at a 0.35 g/t cut off), or by 76 percent.


This could be one for those looking for a twin pronged investment in both gold and uranium, to read this article in full please click here.

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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