BTU Metals Corp V.BTU

Alternate Symbol(s): BTUMF

BTU Metals Corp. is a Canada-based junior mining exploration company. The principal business of the Company is the exploration of mineral properties. The Company's main assets are the Dixie Halo Project located in Red Lake, Ontario immediately adjacent to the Great Bear Project and the Echum and Hubcap properties in the active Wawa gold district. The Echum and Hubcap properties cover more than 750 mining claims over a total of 16,048 hectares. The Company also has an option agreement to acquire 70% interest in and to over 757 mining claims (12 boundary cell mining claims, three multi-cell mining claims, and 742 single cell mining claims) in the Kenora District of Ontario.

TSXV:BTU - Post by User

BTU Metals Corp

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Comment by SuneeDazeon Aug 15, 2019 11:24pm

61 Views

Post# 30034986

RE:PAC vs BTU Market Cap

Win, I believe Pac's shares o/s is 178 million, 218 is fully diluted. So market cap of the Dixie plays are approximately (rounded)...

PAC: 178,000,000 x $0.18 = $ 32,000,000

BTU: 66,000,000 x 0.11 = $7,300,000

RGLD: 25,000,000 x 0.165 = $4,100,000

Of note, RGLD is yet to begin field work on its Dixie contiguous property. BTU and RGLD have the largest contiguous properties to Dixie. BTU has the largest of the two covering the southern boundary and most of the East.

Have a good night.

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