A Major New Discovery of Global Importance - Bizarro World 272

A company named Bravo Mining that we follow and recommend recently made a major new discovery of global importance. 

Shares are up more than 130% since April to trade near C$3.50. 

What it found is a rare type of mineralization called iron-oxide-copper-gold. Pardon the brief science lesson from Wikipedia:

Iron oxide copper gold ore deposits (IOCG) are important and highly valuable concentrations of copper, gold and uranium ores hosted within iron oxide dominant gangue assemblages…

The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines, although the formation of these deposits is still not fully understood.

Some examples include the Olympic Dam, South Australia, and Candelaria, Chile deposits.

For the record, Olympic Dam is owned by BHP, which paid $9.2 billion for it in 2005. Candeleria is currently 80% owned by Lundin Mining, which paid $1.8 billion for that stake in 2014.

I spend the first half of this week’s episode of Investing in Bizarro World discussing this new discovery. 

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Right now, Bravo has a market cap of C$380 million. It trades at C$3.50 as I mentioned. The shares have only been trading for two years, and the cheapest shares have ever publicly traded hands is C$1.47. 

But if you were able to finance Bravo Mining privately, before it became a public company, you could have shares at C$0.64. 

We do. And so do members of Private Placement Intel who financed Bravo privately with us in 2022.

We are now up more than 5X on those shares with more likely to come. 

That’s what I spend the balance of the podcast talking about: how we get access to and participate in these early-stage deals.

We are holding a free webinar on June 5th to go over the merits of investing with private placements. You just need to call us at (844) 992-3004 to get registered to attend or enter your phone number here so we can call you. 

You can find more details on Bravo, its history, IOCG deposits, private placements, and what we’ll cover in this week’s webinar in the 272nd episode of Investing in Bizarro World.

0:00 Intro
0:31 Bravo Mining Shares Double on New IOCG Discovery
7:07 Bravo Mining Shares Quintuple for Private Placement Shareholders