Interesting ComparisonBTU also holds contiguous ground to Great Bear. Last week, they announced the initiation of their drill program on their Dixie Halo property. They are up about 80% since May. Over that time they announced the mobilization of a field crew, discovery of a quartz carbonate zone (no assays), a financing, then last week an announcement of their drill program starting.
RGLD should get a similar market response / sp activity when they initiate their program. I wouldn't be surprised if we've get news of some form this week given the trading activity we witnessed last week.
Interestingly RGLD has reported historic samples up to 7 g gold/t; BTU has historic assays up to 4 g gold / t. RGLD currently has a market cap of about $3.75 million (25,000,000 shares); BTU has a market cap of about $12 million (66,000,000 shares).
Once exploration work work begins and newsflow starts, RGLD should get similar valuations to BTU, that being 2-3 times higher than it is now valued.
Have a good night!