Got permission from Ron to post the highlights from his report
Shares outstanding 64.5 million approx.
All warrants and options are at 30 cents and higher
What I consider one of the most important highlights, is the company is run by Wayne Tisdale. In the last 10 years he has advanced three juniors and sold them for large profits for his shareholders. He helped finance and advance the Rainy River project and was sold to NewGold in 2013 for $310 million. He developed US Cobalt and in 2018 sold it to First Cobalt in a transaction worth about $150 million to his shareholders delight. Going back further, he helped finance oil&gas company Ryland Oil that was bought out by Crescent Point in 2010 for a $121.8 million valuation.
Mr Tisdale has a keen eye to find projects that can quickly be advanced further to make them prime acquisition targets. Canadian Palladium only has a market value now of less than $10 million and I have no doubt that Mr Tisdale is going to do it again and advance East Bull and sell it for $100s of millions.
Highlights:
Company run by Wayne Tisdale
Low market valuation - C$18 per ounce
East Bull with 43-101, 523,000 ounce palladium resource
East Bull can easily be expanded to depth and along strike
Widely spaced drilling only needs infill drilling to upgrade resource
Over 2 million ounce potential
Close to Sudbury complex where ore can be processed