Bitterroot Resources Ltd V.BTT

Alternate Symbol(s): BITTF

Metals & Mining Industrial Metals & Minerals

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.

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Bitterroot Resources Ltd

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Comment by CrashLandingon Oct 15, 2008 9:00pm

399 Views

Post# 15527873

RE: Paper contracts vs Real Gold Price

In my opinion paper contracts are worthless. In these times I wouldn't risk putting any money in silver or gold certificates. I know someone who recently tried to redeem their silver certificates and it has been 4 months and that still haven't received their silver.

The physical bullion is the only true investment. If you are trying to purchase a "safe haven" asset paper does not make any sense whatsoever.

The pros know this and that is why they have been shorting the hell out of certificates, they know they are worthless in this environment.

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