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Bitterroot Resources Ltd V.BTT

Alternate Symbol(s):  BITTF

Bitterroot Resources Ltd. is a Canada-based mineral resource company. The Company is principally engaged in the sourcing and exploration of resource properties. It is focused on discovering high-grade, magmatic nickel-copper-PGM deposits in the Upper Peninsula of Michigan and oxide epithermal gold-silver deposits in Nevada. The Company is engaged in exploring the LM Property for high-grade nickel-copper-platinum-palladium deposits. It holds interest in the Voyageur Lands, a separate magmatic nickel-copper-PGM exploration, which covers more than 360 square miles in the Upper Peninsula of Michigan. The Company owns 100% of the 240-claim Nighthawk Property in the central Walker Lane gold belt in Esmeralda County, Nevada, which covers an area of approximately 4,800 acres. Its subsidiaries include Trans Superior Resources, Inc. and Voyageur Lands Corporation. The Nighthawk Property is prospective for near-surface, open pit/heap leach-recoverable oxide gold/silver mineralization.


TSXV:BTT - Post by User

Bullboard Posts
Comment by KansasCrudeon Sep 30, 2008 6:12pm
375 Views
Post# 15495248

RE: Quarterly Report And Management Analysis

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!   
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