Opinions
Charles Oliver, HBSc CFA
Brazauro Resources Corporation
BZO-X
PAST TOP PICK
Nov 08, 2010
(Top Pick Dec 1/09, Up 95%) Acquired by Eldorado in the summer.
$1.230
Stock price when the opinion was issued
precious metals
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Gold deposit in Brazil. Eldorado (ELD-T) optioned the property and completed 20,000 m of drilling. If they decide to acquire the assets they will pay $40 million for 60% and $30 million for another 10%. Currently there is about 2 million ounces Market cap of about $50 million with about $5 million in cash.
precious metals