Braveheart Resources (TSXV: BHT) or RIINF on the U.S. OTCQB has a current market cap at $0.12 per share of only US$13.94 million. BHT's 100% owned past producing Bull River Mine in British Columbia has an indicated resource of 2.179 million tonnes grading 1.517% copper for 72.902 million lbs of copper (using a cut-off of 0.6% copper equivalent). The Bull River Mine's indicated resource has copper grades that are 6.9X higher than the indicated copper resource of Copper Mountain Mining (TSX: CMMC)'s producing Copper Mountain Mine, which is also in British Columbia and has indicated copper grades of only 0.22%.
Since March 16th, CMMC has gained by 465.52% vs. BHT only gaining by 26.32% during this same time period.
Between 1976-2010, over $200 million was spent developing BHT's Bull River Mine and getting it to where it is today with major surface infrastructure including a 750 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. The Bull River Mine also has 22,000 meters of underground workings on seven levels, providing access to much of BHT's indicated resource.
Past production at the Bull River Mine totaled 450,000 tonnes grading 1.8% copper. BHT has 164,000 tonnes of run of mill ore already on surface and ready to process once permitting is in place and upgrades of the existing surface infrastructure are complete.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from BHT of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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