Billionaire Rick Rule Makes a Big Endorsement for This Tiny Gold Stock
Speaking in front of high net worth investors at the most recent Casey Summit, Rick Rule says, “Watch Adnani, because it is people like him and companies like BRI that will have the biggest surge once the bull market is fully underway.”
Watch this secret dinner hosted by Casey Research, where billionaire Rick Rule leads off the dinner by making a stunning endorsement of Amir Adnani and this tiny little gold stock.
- Coming off the heels of two recent acquisitions in the bear market, Brazil Resources (TSXV: BRI), Amir Adnani?s gold exploration company, had already gone from zero to 4 million ounces of gold without a single drill hole paid for by BRI.
- With a team of geologists that have discovered 10 million ounces of gold in Brazil, BRI was setting itself up to become a major player in South America. Their CEO was the former Head of Global Business Development for BHP Billiton, the largest mining company in the world.
- One of BRI’s first investors was the oldest merchant bank in Brazil, whose chairman also sat on BRI’s board of directors; a man who has strong political ties in the country.
During the dinner, Marin Katusa, the Chief Energy Strategist for Casey Research, stood up and told the attendees that the biggest secret for BRI was that through the acquisition of Brazilian Gold Corp. last year, BRI had picked up a uranium project in Canada. BRI had a 75% stake in a joint venture project with Areva, the world?s 2nd largest uranium producer.
Where the previous management team lacked in experience, BRI’s team exceeded expectations. Amir Adnani, founder and chairman of BRI, is also the founder and CEO of 1 of only 12 uranium producers in the world: Uranium Energy Corp (UEC). This was a bid deal for Katusa. He referred to this uranium project now in BRI’s list of assets as a potential lottery ticket for shareholders. You see, the project is in the Athabasca Basin, known for its high-grade uranium deposits – a place where Marin Katusa was 5 for 5 in backing management teams who were responsible for major discoveries. Just to give you an idea of how plentiful this small piece of land is, it is only 40,000 square miles, less than the size of the state of Kentucky, but it is where 20% of all uranium is for the entire world!
Between Rick Rule giving his introduction of Amir Adnani and Brazil Resources (BRI), I definitely started to get the sense that the right people were getting behind this company; from billionaire investors to major Brazilian players, heck, even the former Minister for Natural Resources in Canada was on the board of directors.
With all the volatility we have seen in the past 3 years, BRI’s home exchange is down 70%, while BRI during the same period has seen a decline of 33%. The value, though, of BRI has gone up dramatically. BRI since its first day of trading in 2011 has added several gold projects, acquired another gold company, and now has 4 million ounces of gold resources, along with a uranium project in the Athabasca Basin.
Having a share price that is down after all of this growth in the company makes for a dirt cheap investment opportunity for investors looking for gold exposure parterned with the right people and in the exploration business to maximize profits for early investors.
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