Tuesday 1 November 2011

TSX.V BGC large scale open pit

Brazilian Gold, TSX:BGC is targeting up to 2 million ounces from its close proximity gold properties in Northern Brazil, the company is currently engaged in a 20,000 metre drill campaign with a string of results set to flow over the next few months. A couple of brokers have a 2 Canadian Dollar target price meaning at 0.60 cents the company is trading at a huge discount to NAV.