RE:rather pay 7- 9 cents BTU will go to 0.105¢ and up according to the article. Vancouver, British Columbia (FSCwire) - BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V) pleased to announce that the Company has acquired 10 claims comprising 85 units (1,514 hectares) adjoining the northern and eastern boundaries of Great Bear Resources Corp.’s (GBR – TSX:V) Dixie Project located in the Red Lake District of Ontario. Great Bear recently reported a high-grade discovery in drill core assaying 16.35 meters of 26.91 g/t gold and 7 meters of 44.47 g/t gold in two holes on the “Hinge Zone” at the Great Bear’s Dixie Project (see PR dated August 22, 2018). The Dixie Halo property wraps around the north-eastern and eastern portions of the Great Bear’s Dixie Project. The northwestern portion of the Dixie Halo property is approximately 2.3 kilometers northeast of Great Bear’s “North West Step-Out” target and approximately 4.5 kilometers northeast of the “Hinge Zone”. Portions of the Dixie Halo property were actively explored as recently as 2008 (Trueclaim Resources Inc.-Assessment Report # 20006619) with two drill holes located within 250 meters of the Dixie Halo property boundary. A complete review of the assessment files will be initiated immediately."
Great Bear (GBR.CN) has jumped from $0.72 to $1.95 in the week since the discovery was made on its property. The Sokoman Iron Corp (SIC.CN) area plays didn't have much staying power as SIC has dropped 50% from its high, so keep that in mind when trading these types of stocks. However, the move on GBR appears to be stronger and the trading on BTU looks really good. BTU jumped 114% on Friday, but closed at its day low of $0.075. After dropping to $0.06 in early trading on Monday, it perked up considerably in the afternoon to close at $0.08. We think it will challenge and break through that $0.105 high that it made on Friday. It has 36.5 million shares outstanding for a $3 million market cap compared to a $47 million market cap for GBR. It did a recent financing at $0.06, but those shares are on lock-up until October. This is not a typical "value trade" that we like, but rather a favorable chart setup on a stock that could move a lot on hype.
https://nasdaqnewsreports.blogspot.com/2018/08/cannabis-gold-top-picks.html