RE:BTR is a value buy under 50 centsAgain captn, you did not answer my question. When you valued the mill did you subtract out the 50 million it's going to take to get it operational at 1800 TPD.
As for discounting the 3.1 million ounces. Thay have both proven in the past, and also currently they can't mine the gold for a profit. It wasn't economical when they were mining in the past (see Metanor Financials) and as for the current they have either shut down or mothballed every deposit they currently have and admitted it's to costly to mine at todays gold prices. If it cost you $2300(us) to process the ore and the selling price is $1960 your loosing $240 on evey ounce of those 3.1 million ounces. Again see the Metanor financials. The Sedar filings you should be paying attention too are the financials. Not who owns how many shares.