RE: For MikeyRidgeback, now I know why you changed your mind on MAR. I have no idea how reliable your info is but you say no mining permit till 2010. So I would say your call on them was way off unless they hit on their other two projects. Just for fun I went to their web site and took a look at the 2008 annual report posted May 28,2009. Here's a cut and past from it.
Overview
Marathon ended the year ended December 31, 2008 with a strong balance sheet, with $16.3
million in cash, $16.4 million in working capital and no debt. We do not expect to require
additional equity investment until 2010 at the earliest.
Very interesting. So just speculating from this since they are not burning their cash up in exploration, I would say that they are hoping the prices of PGM's will be up in 2010 and they have the permit in hand by then. Your other interesting opinion is mine payback 3-4 years. Why hasn't the company posted any PGM prices for the proposed mine? I'm kind of a cynical person and my only conclusion is that they are playing a smoke and mirror game with investors. I hate companies like that.
Now back to BTC.
Why in the world would you post this ----
Also BTC will need more cash and you can see that coming even with the Coro investment where they have to pay up.
So now are you saying Coro is going to get the permit? I'd loved to be in their position considering the price of Coro has to trade => 50 cents and the mining permit has to be granted. I know I'm jumping the gun on this but the present price of copper and gold is way above the best estimates for the mine so in theory Coro should rocket if they get the permit but in markets like this I really don't know. If it does rocket up then BTC has a few options and if your smart enough you'll figure it out for yourself. Let me give you a hint on one option. The shares will cost them 18 cents. They should be trading above 50 cents. They are not stuck in a corner since they have lots of cash on hand so like I said they have a few options.
Here's level 2 on Coro. There has always been an imbalance on the buy side but those mystery sellers keep showing up out of the blue. Friday and yesterday it sure looked like the sellers were starting to fade and if that's the case then Coro is looking strong.
COP
BTC
Level 2 Quote
MM