Today Berkwood Resources (BKR.V) announced they are starting a new drill program at their Lac Gueret project. The stock has been growing in the last few weeks, and this news can only be good news going forward.
I’m not saying I’m responsible, but since I started following Berkwood Resources, it’s started to finally move out of it’s slump. What’s much more likely is that the bigger fish have cleared out of the pool and the value of the stock is becoming much more reflective of its market value.
Let’s take a look at today’s drilling announcement and see how the news could affect the stock (hint – nicely).
The new drilling program is taking place at BKR’s Zone 2, which is the yellow section in the upper right of the graphic below:
The company says the site has not been previously drill tested.
Here’s what Tom Yingling, President and CEO had to say about the project:
“I am pleased we have embarked upon our second drill program… …The drill rig is established on zone 2. The geophysics on zone 2 is comparable with that of zone 1, which we now know includes graphite (although other conductive and magnetic phases, such as pyrrhotite, were also intersected in drilling). The location of the zone 2 prospect along the Berkwood Mason property boundary is also compelling.”
The company is doing well in it’s zone 1 property, and announced this:
“During the recently completed 13-hole drill program on zone 1 the company is pleased to announce intersecting visual graphite in every hole drilled to date (see news release dated Oct. 17, 2017). Success in this drill program confirms that a significant component of the distinct electromagnetic conductors that occur over a two km length and 50 m to 600 m in width as defined by airborne electromagnetic geophysics include graphite.”
If Zone 2 pans out the same, BKR is going to be a tasty target for the ravenous hordes of battery tech companies demanding graphite for their dark electric rituals.
Normally, this is where I would bemoan all this good news from the company and the lack of any traction in the stock, but hold the phones!
look at that, a solid increase even before the news of the project was public. The stock continues to rise, but I believe it’s still undervalued, considering the political interest, market pressure and potential.
It looks like the market finally realized it too. Not too late to hop on board the BKR express.
Full disclosure: Berkwood Resources is an EQ client, but I do not own stock.