Blackrock Silver Corp is a junior silver exploration company exploring in Nevada.
At one point this company was analyst Jeff Clark’s largest silver explorer holding and was his #1 pick in the silver explorer category. Clark said in 2021 that Blackrock Silver had 10X potential and at the time it was trading near $1.00 with a market cap well over $100 million. Other mining analysts were extremely bullish on the stock, no doubt as a result of the salesmanship of Andrew Pollard.
(Discussion is in USD)
Throughout 2021, CEO Andrew Pollard promoted the stock and the relentlessly hyped the impending MRE.
Pollard repeatedly suggested the original MRE could come in towards 100 million ounces and repeatedly suggested that as a result of their MRE the company would ‘have a target on its’ back’ as a takeover candidate.
The original MRE was expected in December 2021 or January 2022 but was delayed.
This first MRE was announced in May 02 2022…about 5 months later than expected… and was disappointing. The market was expecting an MRE coming in at least over 50 million ounces but most were expecting more (see image below where Jeff Clark suggests some estimates looking for 75 million ounces). The MRE came in lower than expected, and it showed only ‘inferred’ ounces.
So, the stock sold off on the release of the MRE on May 02, 2022 and has been in a severe downtrend since. (It had opened that day around 0.80 USD.)
After the disappointing MRE release, Jeff Clark suggested that ‘the market’ had expectations for the MRE that were too high. But the high expectations were a result of Andrew Pollard hyping the daylights out of the stock.
Screenshot Below From Jeff Clark Interview w/ Wall Street Silver Discussing Blackrock Silver in 2021
NOTE: There have been updates to the MRE since 2022 not covered here… as well other news from the company.
Stock Symbols
In the US – BKRRF
In Canada – V.BRC
Original Write-Up Below is from 2021
Price and Information as of July 07, 2021
Market Capitalization $134 Million
Cash $12 million
No Debt
52 week High/Low (US) 1.22/0.25
Institutional Ownership 43%
Management owns 9%
Jeff Clark, Senior Precious Metals analysts at GoldSilver.com owns the stock. Blackrock Silver is his largest silver explorer holding. Clark rates Blackrock Silver as his #1 Pick as a best buy in the ‘silver explorer’ category.
The company recently raised approximately $12 million through a Private Placement with Eric Sprott and Keith Neumeyer participating.
First Majestic Silver Corp. is a shareholder.
Keith Neumeyer, President/CEO of First Majestic also owns shares personally.
The company has had recent impressive drill results and expects to deliver its’ maiden resource estimate in the fourth quarter of 2021.
Andrew Pollard, President and CEO of Blackrock Silver has repeatedly suggested the company should be a prime takeover candidate.
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