RE: Quarterly Report And Management Analysis
Thanks Tom, just spent a 1/2 hour with the quarterly report and it was interesting seeing how Mgmt. is allocating their cash. Pretty decent results at several of their projects. Nice to see results are encouraging enough at Linda to pony up for some equipment upgrades. Encouraging to see even in spite of lower commodity prices the value of the properties increased by about 20%.
Looking forward to some of you more knowledgeable gentlemens read on the situation. I would read between the lines that Linda can provide some cash but maybe not enough to keep up with the projects needs over the next 15 months. Anyone think we will see some dilution or will the new equipment keep up with cash needs?
At todays close BTT's market cap is $C 13.08 million based on $900 USD gold and $.96 exchange rate the market cap for BTT equals approximately 900 lbs. of gold. Anyone think that BTT will not find many many times that much at reasonable costs with all the gold properties they are working in B.C.? If TSHTF over the next 12 months in the financial markets and Desty's new T.P. exchanges for gold at $2,000 an oz. then we are talking 405 lbs. Now tell me that's not a Bargain!