5 Signs that Bullfrog Gold is the Next BIG Breakout Nevada Gold Play
No one wants to miss out on the next big opportunity, and it’s important when you do to learn how to NOT miss it the next time.
Often times, the big winners will have given you plenty of signals along their road to success, and it’s up to you to notice them.
We believe that the company sending those signals RIGHT NOW is none other than Bullfrog Gold (OTC:BFGC), a small-cap Nevada gold company with so many things going for it, that we decided to list off only the Top 5 signs that the company is truly ramping up for a big breakout.
We DON’T want you to miss out on this one.
Here now are what we believe are 5 Signs that Bullfrog Gold is the Next BIG Breakout Nevada Gold Play…
- HIGH-GRADE FLAGSHIP PROPERTY ON TREND BETWEEN CORVUS AND NORTHERN EMPIRE
It’s no secret in the mining world that nothing beats good real estate, and it’s becoming clearer and clearer that Bullfrog Gold (OTC:BFGC) is in a winning neighbourhood.
But just because you own the land next to a winner, doesn’t always mean that you’ll share the same success as the adjacent land owners.
What’s more important is the geology, and whether you’re on the same trend as those who’ve struck big.
And that’s where Bullfrog Gold (OTC:BFGC) finds itself—in the perfect spot between Corvus Gold’s North Bullfrog and Mother Lode Projects, and the recently announced successes of Northern Empire Resources at its Sterling Gold Project.
Both Corvus and Northern Empire have announced monster grades on their own Nevada Bullfrog projects.
Northern Empire recently reported “extremely exciting results” on its first drillholes for its own Bullfrog trend, the Sterling Property — reporting 1.47g/t over 47.24 meters.
It also doesn’t hurt that the Sterling Gold Project already has an Inferred mineral resource of 709,000 oz at 2.23 g/t gold.
But even bigger news was made with Corvus Gold’s results from a drill program on its Mother Lode Deposit to the SE of Bullfrog Gold’s property — reporting 2.69 g/t gold over 37.2 meters, including 11 meters at 5.78 g/t, and the discovery of a new Lower Zone with 25.6 metres at 2.17 g/t gold.
Corvus had already a 43-101 compliant resource on its North Bullfrog Project totalling 628,000 ounces of gold at 0.68 g/t, providing security near both the North and South ends of the structure.
All three companies’ projects are hosted in the same structure of the past producing Bullfrog Mine (2.3 million ounces produced).
Bullfrog Gold’s position is in between Corvus and Northern Empire, and the nearest to the past-producing mine’s location. The Bullfrog Property has a resource of 624,000 ounces of gold at 0.70 g/t.
To get a full grasp on the layout of the area, see for yourself:
- BULLFROG GOLD’S RESOURCE IS DRASTICALLY UNDERVALUED
No one expects the market to give dollar-for-dollar value between gold resources in the ground, and processed ounces of gold on the commercial market.
But when the disconnect in valuation is as high as Bullfrog Gold’s is, the siren is blaring that the company’s stock is a steal of a deal.
With gold prices steadily hovering in the $1280-$1300 range, it’s still baffling that a company such as Bullfrog Gold (OTC:BFGC) is valued at only $16.7 million, when its self-named Bullfrog Gold project contains a 624,000 oz gold resource that’s 43-101 compliant.
Do the math…
The market is shamefully only valuing Bullfrog’s ounces of gold at just $26.76 per ounce—or just 2% of the current gold value.
These kinds of buying opportunities don’t come around often, and they don’t tend to last for long.
- OTHER COMPANIES IN SAME DISTRICT ARE VALUED OVER $100/oz
While the price of gold is $1280/oz right now, the market is giving much healthier valuations to Bullfrog Gold’s peers, with at least triple-digit valuations on their gold in the ground.
For a comparison, other nearby Nevada gold companies receive the following valuations on their reserves (Mkt Cap/ounces based on Mkt Caps dated 10-19-17):
Corvus Gold: Mkt Cap $91.887M / 628,000 ounces gold = $146.32/oz
Northern Vertex Mining: Mkt Cap $74.53M / 377,000 ounces gold = $197.69
Pershing Gold: Mkt Cap $83.79M / 778,000 ounces gold = $107.69
Now do you see why Bullfrog’s $26.76/oz valuation stands out?
- BARRICK GOLD CHOSE BULLFROG GOLD ITS AS SUCCESSOR
Bullfrog Gold’s President and CEO, Dave Beling has been familiar with the Bullfrog gold district for decades.
Over his 53 years of corporate and project experience with major and junior companies, he’s engineered and/or managed 12 open pit mines, 9 underground mines, and 14 process plants.
Among those operations, Beling was at one time during the late 80s and early 90s was operating a large heap leach operation near where Bullfrog is now, which was visited by what would later become the agent for Barrick Gold who divested the property to Beling’s Bullfrog Gold Company.
Bullfrog Gold (OTC:BFGC) already had the adjacent land, and Barrick saw that as a big deal when deciding who to deal out the property to.
Barrick recognized what was important, in that Bullfrog had a very strategic land position in place. Beling went on to swing that momentum to pick up another lease on 24 patents in the area, and another option to purchase another 12 patents in the area. He’d go on to stake out another 61 claims, and the Bullfrog Gold Project was fully assembled.
One extremely overlooked benefit of peeling away the property from Barrick, however, was the data base of 155 miles of drilling across 1,260 holes that came with it. Management believes the data they have in hand strongly supports the company’s mineral estimates and defines several exploration targets.
Pulling away and taking the eagle’s eye view of the region, it becomes clearer that…
- BULLFROG GOLD HAS COMMANDING LAND AND RESOURCE POSITION
We’ve already looked at the jurisdiction that Bullfrog Gold resides in, with neighbors such as Corvus and Northern Empire. However, it’s important to look at where within the region Bullfrog Gold (OTC:BFGC) has under its banner.
Bullfrog Gold’s resource has a higher grade than that of Corvus, and with the company’s land position set in place, there’s plenty of room to grow it out.
The property has several beneficial attributes, such as 138 & 25 KB electrical transmission lines, and a sub-station already on site.
A paved highway crosses the property’s boundary, leaving more-than-suitable access roads and in-pit haulage ramps in place.
Water isn’t a problem, as there’s an ample supply of water immediately below the Bullfrog pit.
The pit itself can used for waste disposal as well, with nearly all mine waste able to be backfilled into it. This removes major waste haulage costs, and avoids environmental impacts related to new waste dumps. Environmentally, this project should have smooth sailing ahead.
Having the pit on site gives the company a huge leg up, in terms of the headaches other companies would have in seeking a water supply, and a place to dump wastage.
CONCLUSION
With its tragically low per-ounce gold valuation, its neighbors steadily reporting “extremely exciting results” on nearby drill holes, and a dominant position in the Bullfrog region, Bullfrog Gold (OTC:BFGC) is a no-brainer.
Rarely do so many winning elements line up for a company without the market waking up to the opportunity.
Bullfrog Gold is a winner in waiting.
With its land position in place, and a strategy in hand, it’ll only be a matter of time before Bullfrog Gold starts delivering its own drill hole results.
Corvus saw its stock price rise from $0.73 to $1.04 for a gain of 42% in just the week leading up to its drill results.
Given that Bullfrog Gold’s Project is closest to the previous-producing mine, has plenty of infrastructure in place, and a leader like Beling at the helm with 53 years of experience and a solid plan ahead, there’s a good chance that the Bullfrog Gold Project will go the distance.
It is the next BIG breakout Nevada gold play.
But time is of the essence, and this rare window of opportunity won’t be open for long.
USA News Group
Editorial Staff
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