The Investment Doctor
Long/short equity, value, debt, base metals

Brigus Gold - Will The Foxes Get Killed?

Introduction

In this article I'll start with a general description of Brigus Gold (BRD) and some of its projects. Thereafter I'll move on to the Black Fox project which is currently in production. I'll also have a close look at the cash flow generation of the Black Fox project at the current low gold price, and calculate if these cash flows are enough to be able to pay off its debt.

I'll finish with my investment thesis at the end of this article wherein I conclude at this moment it would make more sense to buy the convertible debt instead of the common shares. I will provide a table wherein I calculate into how many shares one debenture will be...

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