Wednesday, October 24, 2012

Blackheath BHR.V does it again

Following up on the how to make money article. Blackheath has gone and bought up their old stomping ground.

Blackheath Resources Inc. (TSXV: BHR) is pleased to announce that the Company has entered into a Letter of Intent (the “Agreement”) for an option to acquire up to a 100% interest in the past-producing Borralha Tungsten project. Borralha was Portugal’s second largest tungsten mine (after Panasqueira)

The Panasqueira was operated by Primary Metals before its sale to Sojitz @$3.65. The management of Blackheath is virtually the same team as that of Primary metals.

So they really are staking a major controling position over Portugal's tungsten. This is smart. This will guarantee the governments cooperation. The other thing is that they already know what's there.  

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