RE: News please22 Sep 2020 16:12
Additionally, if we look at the raisebook IPO notes for Virgo Resources Limited (which BZT now owns 100%) there are some stand out highlights to me:
- Over the past 12 years, Virgo Resources Chairman Ian Murray was Exec Chairman, then MD, then CEO of Gold Road Resources (ASX: GOR), where he grew the company from a market cap of approx. $5M to approximately $900M.
- Current Mineral Resource of 10.2Mt @ 1.9% Cu and 0.3g/t Au on the Hope Copper-Gold Project in Namibia – with excellent potential for further copper mineralization exploration.
- Attractive portfolio of copper/copper-gold projects located in the stable, safe and mining friendly jurisdictions of Namibia and Botswana.
Now bear in mind that Virgo is just ONE of the assets owned by BZT. So the upside vs downside risk here seems attractive to me personally if the projects move as expected. I expect volatility in the near term of course, if you're investing in a sub £5m market cap company it comes with the territory.
*This is my opinion and not financial advice, please do your own research.
Source: https://www.raisebook.com/deals/virgo-resources-limited/ipo