Brixton Metals – Overview Of The Plans For 2019

December 11, 2018

I wanted to bring on Brixton Metals to hear what all of you think of the plans for next year. Initially this Company was introduced to me because of its Cobalt asset. Now the Company is raising money and has a new focus on the Atland Goldfield Property in north-west BC. The President and CEO Gary Thompson joins me to outline the projects held by the Company and plans for the funds being raised in the current private placement.

Please comment or email me with your thoughts and questions about Brixton or if you want more information on the PP –

Click download link to listen on this device: Download Show

Click here to visit the Brixton Metals website. Also click here to review the Company’s presentation.

    Dec 11, 2018 11:24 AM

    I like Brixton Metals and own it.

    Dec 11, 2018 11:26 AM

    Next significant resistance is at 19 cents…

    Dec 11, 2018 11:47 AM
    Dec 11, 2018 11:44 PM

    Just finished my second buy of Brixton. Thanks for the charts.

      Dec 12, 2018 12:09 AM

      You’re welcome.
      As I’m sure you know, this tiny company has extreme potential.

    Dec 12, 2018 12:47 PM

    Good interview with Gary, but I have to admit as a shareholder since 2016, I’m starting to get more and more concerned with their flavor of the year drifting focus on so many properties. It’s good to hear they are streamlining their focus, but I honestly didn’t expect it to be Atlin.

    1) Back in 2016 the flagship was their Thorn gold project in BC in the Golden Triangle. It peaked investors interest, but some investors felt it wasn’t a large enough deposit to be economic based on what they drilled out. Fair enough, exploration isn’t easy, and sometimes it is best to move on.

    2) Brixton’s secondary property was the Langis Silver/Cobalt camp. This was the project that really got my attention personally.

    The high grade Silver results, when silver miners were surging in 2016, was a big piece of why their stock appreciated so much that year, but they were hitting at both properties. the Cobalt narrative didn’t really heat up more until 2017, so that component wasn’t why most were investing in BBB back then.

    3) Then they went out and bought the past producing Silver mine property from Tahoe in Ontario, and never said another word about it to the marketplace. I was under the impression they were going to hone in on Silver at this point, but that radio silence afterwards was confusing to the marketplace.

    December 19, 2016

    4) Then they go out raised money in 2017 to advance Thorn and Langis, don’t ever mention Gowganda again, but start discussing acquiring land in Atlin. (???)

    5) Then in 2017 Brixton sells it’s “non-core” Cobalt assets to First Cobalt right as Cobalt is getting hot, and they go out and buy Hog Heaven a past producing Silver/Gold mine in Montana from Pan American Silver, but the issue is that it is VERY difficult to get mines permitted now in Montana.

    – What happened to Thorn?
    – If Langis is what people were animated by, then why not put laser focus there?
    – If the Cobalt was in vogue, why not keep the Cobalt project they sold off?
    – Why buy a property in Montana that may never see the light of day as an economic mine when they had good properties already?

    Does anyone else see how confusing this strategy was to the marketplace?

    Well later in 2017 they had more good drill hits from Langis/Hudson Bay, did some work on Thorn, did some work on Hog Heaven, and did some sampling on Atlin, but they were running into an identity crisis, and it was difficult to know which project was actually the flagship.

    6) In 2018 they focused more on the Cobalt than the Silver at Langis/Hudson Bay trying to generate Battery Metals interest in the Cobalt, but then some of the Silverbugs complained they’d lost focus.

    7) In June of 2018 they mentioned spinning out their Cobalt/Silver assets at Langis/ Hudson Bay into a new company, which was the main reason many were invested in Brixton.

    — If that was true, then why did they sell their other Cobalt assets to First Cobalt, instead of keeping those for the spin-out company? I’m also still trying to figure out where they are with spinning the company out as it appears to still be under their roof 6 months later. (??)

    8) Then in August 2018 they hit a Kimberlite body at Langis (the Silver asset, that became more of a Cobalt asset in how they were marketing it), and now they were finding Diamonds?

    It is like mineral ADD where they keep rebranding those properties, which can happen with exploration work, but seriously, it is no wonder the market starting losing interest as it got too confusing.

    9) They were still doing work at Thorn but then mentioned their gold property could be more of a Copper/Gold porphyry almost as if they were trying to latch on to the Copper narrative.

    10) Atlin Gold had more land consolidation and early stage exploration work in 2018, but honestly it always seemed like a secondary or tertiary property, but now in 2019 it’s the primary project (??).

    — Also, while some work has continued at Hog Heaven in Montana, but not enough to get anyone interested. I’m still curious why the heck did they buy a project in a tough state like Montana, with many mothballed projects and a big NIMBY attitude, with all their other projects getting more traction in the marketplace?

    BBB has been trying to JV out some of these projects for a while, but are they now going to be more like a prospect generator model moving forward and just work on Atlin?

    It’s a bit exhausting to have followed the strategy here the last 3 years 2016, 2017, and 2018, and I’m hoping they’ll hit it big in Atlin, but as far as how the capital has been allocated, after multiple raises the last few years, I believe they’ve only diluted their image, abandoned Thorn, killed the momentum in Langis / Hudson Bay by going from Silver to Cobalt to Diamonds, picked up Gowganda in Ontario never to speak of it again, picked up Hog Heaven in Montana when they already had a full plate, and now they are exploring Atlin with another new approach.

    Anyone else dizzy from all that??