Vancouver, British Columbia, February 1, 2012 - Jay Taylor, Editor of J. Taylor's Gold, Energy & Tech Stocks Report, and Publisher at www.jaytaylormedia.com, interviews Joseph A Kizis, Jr., President & CEO of Bravada Gold Corp (TSXV:BVA).
Subsequent to the interview, Taylor gave the company a buy recommendation in the latest edition of his newsletter, and stated "Unbelievable! That was the reaction I had when I interviewed this company's CEO in Vancouver last week. The stock has a market cap of about $9 million."
This video is one of Jay Taylor's "Face the Analyst" series of interviews, and is available for viewing on InvestmentPitch.com. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Bravada" in the search box.
Highlights of the Report:
The report stated that the company's Wind Mountain Project in northwestern Nevada, located in the Walker Lane Trend, was an open-pit, heap-leach producer in the past. The exploration potential is enormous with the likelihood of expanding the deposit to the north, and there are likely more deposits on the property that have not yet been drilled. Also, infill drilling combined with a lower cutoff grade would also likely add considerable ounces to the 2007 resource of 938,000 ounces of gold.
In 2010, a Preliminary Economic Assessment was performed that assigned a 5% discounted net present value of $15 million. While this is a marginal number, if you increase the metals prices by 20%, to $1,050 gold and $17.40 silver, the NPV of this project leaps to $45 million. If that level of sensitivity results at higher gold price levels, we could be looking at a 5% NPV of $115 million at $1,468 gold and $25 silver.
While Wind Mountain is the company's flagship property, there are two other top priority projects in Nevada that Bravada plans to more forward. Those are the Quito Project located in the Austin Trend, and the Cortez District Project, which includes the Granite Mountain/Colorback and the NSR North and NSR South properties.
The risk/reward trade off here looks to be positive to the extreme. As with all junior exploration companies, a major risk is always that of shareholder dilution, but the fact that management and insiders hold approximately 30% of the stock should help to protect investors against shareholder dilution.
Taylor further commented, "It is my view that as this story is told and the market begins to see that this company has the potential to establish sizeable gold deposits, the markets will likely warm to this story, sending these shares several-fold higher than they are at their current lowly level."
The shares currently trade at $0.08, and with approximately 114 million shares outstanding, the company is capitalized at $9 million.
For more information, please visit Bravada's website at www.bravadagold.com, phone Liana Shahinian at 604-641-2773 or email liana@mnxltd.com.
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