For a small quarter position would this be a reasonable investment or this more of a “stay away” scenario?
Thanks for all you do during these tumultuous times!
Blossom Gold Inc. (TSX: BGAU) is a Canadian precious metals exploration company recently listed on the Toronto Stock Exchange. It focuses on gold and silver at the Rosebud Project in Nevada, with no current revenue as an early-stage explorer. Rosebud is a a past-producing mine from 1997-2000 by Newmont and Hecla. holds an inferred resource of 70.8 million tons at 0.68 g/t gold equivalent (1.28M oz gold, 13.4M oz silver), open in all directions. Plans include an open-pit heap-leach operation starting late 2028, with 24,384m drilling for resource expansion and metallurgical testing from March 2026. A Notice of Intent was filed with the US Bureau of Land Management for drilling, expected to start post-15-30 day review. The company has no revenue, losses and negative cash flow. Insiders own 5%. We like 're-starts' as the best place to find resources is near a current or former mine. But....the prior mine only operated for a short period (metals prices were of course much lower). Management seems good and the geological potential is there.