More on BHWX
I had some really big alerts last week and although that should be no indication of future results, some of the results were out of this world!! RPC up 380% in 3 days, GETA up roughly 155% in 4 days.
Could BHWX be next? Keep a close eye on it.
BHWX is sitting around around a support level so it may easily bounce off this level.
Gold and lithium are extremely hot in demand and BHWX has a focus on both.
BHWX's focus on lithium exploration is through its wholly owned subsidiary Blue Lithium while their focus on gold is through their wholly owned subsidiary Golden Black Hawk.
BHWX has the potential to hit the mother load since their lithium property is located in a hot spot for lithium!
If this were to happen there is no telling how big BHWX could become.
BHWX's properties are located in the Clayton Valley, Nevada. Clayton Valley is home to the ONLY lithium production facility in the United States.
This plant has been in production since 1967 and is designed to produce 1.2 million kg of lithium perk year and has produced an estimated 50n million kg of lithium to date!
BHWX's property is located in close proximity to this production facility and within the same geological setting.
The American Institute of Mining estimates the mineral resource of the Clayton Valley to be 750 million kg of lithium!
Just recently BHWX announced that their wholly owned subsidiary Blue Lithium Energy had successful Clayton Valley drilling results.
On-site geologist E.L.(Buster) Hunsaker had notified the Company that the drilling company, Boart Longyear, had reached its target depth (TD) as of Thursday, March 18.
If BHWX's own CEO is willing to put his personal money into his own company then he must think the stock is going up.
BHWX's CEO / Director Kevin M. Murphy has purchased 12 million shares from an institutional investor!
The common stock was purchased at a 40% premium to current market value from a private institutional investor. The announcement was made March 1st.
Lithium plays an important role in our shift from traditional fossil fuels to cleaner energy.
Just look at these lithium facts:
- According to the USGS, overall demand for lithium is growing at a rate of 4-5% per year.
- Over 60% of mobile phones and 90% of laptop computers feature Lithium Ion batteries.
- The automotive market alone is projected to reach $337 million in 2012, and $1.6 billion in 2015.
- Demand for lithium destined for battery usage is predicted to grow by 20% per year.
- The worldwide market for rechargeable lithium batteries is estimated to be worth over $6 billion by 2012.
Lithium-ion batteries power six out of 10 cell phones worldwide and nine of 10 laptops.
A whopping 177 million laptops were sold in 2009, all with a lithium battery!
Companies like Honda, BMW, Nissan, Sanyo, Apple, Dodge, Mercedes Benz, Nokia, and Toyota are all using lithium!
If you think lithium's market is huge, get a load of gold -- BHWX's other lucrative focus!
Each year, 660 tons of gold are used in telecommunications, medical treatments, information technology, and other industrial applications.
BHWX's subsidiary Golden Black Hawk possesses a 75% interest in the Dun Glen mining property in Pershing County Nevada.
Dun Glen has a successful history of gold production dating back over 100 years!
Third party estimates put the potential gold reserves of the Golden Black Hawk holdings between 500,000 and 2 million ounces!
BHWX's involvement in gold could be a huge pay off as it is has been one of the hottest precious metals for awhile now.
Gold rallied over an impressive $1200 last December!
For more information on BHWX, visit their website at: www.BlackHawkExploration.com Always do your own research and consult with your own financial professional.
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