Blackrock Silver (TSXV: BRC) Is Crashing Exactly Like NIA Predicted
On September 2nd NIA warned, “Blackrock Silver (TSXV: BRC)’s Tonopah West project in Nevada is often promoted as a silver play, but in reality, about 52% of its resource value comes from gold and only 48% from silver. If an investor’s goal is exposure to Nevada gold, Viva Gold (TSXV: VAU)’s neighboring Tonopah Gold Project offers nearly the same amount of contained gold as Tonopah West yet trades at only a fraction of BRC’s market cap. The difference is fundamental: Viva’s ounces sit close to surface, well-suited for low-cost open pit, heap-leach mining, while BRC’s ounces are locked in deep underground veins that demand far higher mining costs.”
Blackrock Silver (TSXV: BRC) has declined by 16.88% since our September 2nd warning.
Meanwhile, Viva Gold (TSXV: VAU) has gained by 18.52% during this same time period.
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. NIA’s President has purchased 100,000 shares of VAU and may buy more shares or sell his shares at any time. This message is meant for informational and educational purposes only.
