RE: btc vs mekSomething is out of whack here..
BTC has way more properties and way better properties than MEK. If MEK has a market cap for one property which I have no idea if they have more than one since I can't find a web site on them. So using your figures for MEK they have one property (maybe they have more I don't know) plus the 2 mil in the bank = market cap of 7.4 mil.
Now we take BTC. They have 14 properties listed on their web site. I do believe they have one or two not listed. We'll use 14. Not all of the properties surface stuff are as good as MEK but they do have other properties that are way above MEK so I'l average them together and say they are equivalent to MEK's property.
14 * 7.4Mil + 20 Mil cash = 123 mil market cap. divide by 67.6 share = $1.81share value.
Now if you don't agree on this then take a look at CME.V. They are in the same area a King Lake which is JV with Tech.. Their market cap is 31 Mil. and BTC is 35 Mil. That only one property of 14.
Something sure doesn't add up here. Either the market is totally screwed up or else the market figures the boys can't find the goods or else the cheap warrants or else people who got caught in the ABCP disasters needs the money.
Bottom line is the BTC has so much going with so much potential this year and they are trading near the 52 week lows. Just doesn't add up in my books but then again this is the mining game.
MM