To James West Premium Subscribers.
Brixton Metals Corporation (TSX.V:BBB) came out with an unequivocally spectacular hole today at its Thorn project, located in Northwest British Columbia. We will be building a position in this stock at the open tomorrow, and expect that this will launch the company on a decidedly northward trajectory.
There are only 63 million shares outstanding, but there are the following warrants outstanding which will represent serious resistance at $0.25 and $0.40. The apparent quality of the geologic picture shaping up however will likely see the company overcome those hurdles, but it may take some time. So don't be discouraged if you see it having a hard time breaking through those levels.
Warrants and options out as follows:
3,625,460 warrants @ $0.40 Exp:07/12/12.
2,144,000 warrants @ $0.40 Exp:31/03/2013.
13,771,118 warrants @ $0.25 Exp:11/08/13
4.3 million options outstanding.
So fully diluted: 95.5 million
Here's the press release that will generate all the excitement tomorrow:
After you read that, continue with this powerpoint: