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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
Post by KansasCrudeon Dec 12, 2008 4:30pm
526 Views
Post# 15643607

Pumpers.... don't think so

Pumpers.... don't think so
You're right this isn't a stock to bet the ranch on or one for those with tiny scrotums or for those that like Mom to tuck them in at night.  To draw the conclusion that because several companies have invested in exploration and drilling in the area without stupendous financial gain is naive.  How many great resource plays have required significant efforts by several companies and capital resources in excess of an individual companies resources?  The nature of the mining business is cyclical and easy lucky strikes well those are of legend.  More likely is a systematic evaluation that builds on the learning of previous efforts.   Much like the process that BTT employs
BTT has found not one high grade veins but two the grades are most impressive.  The veins both open on both ends and in depth.  The resource indentified to date signals a value many many time times the market cap of the company.  BTT''s management has continued to compensate themselves at below market rates preferring to the confidence of their efforts and significant returns based on the potential of their properties.  That in itself is not a sole reason to invest in the company their reputation as geologists as well as the way they communicate their plans and results also contribute to that decision.  Your quick evaluation was all based on information provided by the management that you can digest this information and conclude its not for you is fine.  To smugly  label those of us on the board that have been here for long periods of time as mere pumpers is frankly insulting. 

Move along now.....
Bullboard Posts