RE: News out!This is great news. The original deal they paid them 50K cash. BTC just made an easy 50K. Thank you Xstrata. I love the property they just got back. They had huge numbers for the surface samples and I would think that they could easily JV it out. Since they are finally getting some respect, I would say that any deal they would do on it would be better than the one they had with Xstrata. I would guess that they could raise the cash buy in to like 100k or so this time around but that's JMHO.
Now a thank you has to go out to Westwind. It appears that they want a large position in BTC and they are picking up lots of shares and hopefully taking out those non-believer warrant people. My guess is that they probably want a few million shares so it should take care of the non-believer warrant and non warrant share holders.
If in fact warrants are getting exercised then BTC is piling up warrant money so now if they want they could drill the Goodchild Lake property. They also have Armit Lake in the wings which also has good surface results. It's pretty hard to put a value on this company with so much possibilities but my guess is they should be way north of 1 buck but once again this is JMHO & since Westwnd is buying they must have a valuation higher than what they have been buying shares at. This is starting to look like a perfect year for them. Lets get those drills turning.
JMHO
MM