Commodities and mining

Bolero Resources (BRU.V) – CEO Interview

Interesting interview with Bruce Duncan from Bolero Resources:

A few highlights from the interview (tinted by my bias):

  • Bolero is developing big molybdenum deposits, and also have a huge undeveloped deposit with the Silver Creek acquisition.
  • They did a smart thing securing a loan as opposed to doing a Private Placement to pay for the Silver Creek acquisition. Otherwise, they’d have to do some serious share dilution because share price wasn’t high enough.
  • Their properties are in the U.S. (Montana and Colorado) which means they will benefit from the exchange rate: Canadian dollar will go farther in development; wages are cheaper than anticipated.
  • They are the cheapest Molybdenum company on the Canadian market and possibly in North America

Full disclosure: I’m long BRU.