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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

Bullboard Posts
Comment by Winwarrioron Aug 19, 2019 7:09am
83 Views
Post# 30042084

RE:RE:14 g/t gold, 11.5% copper, 283 g/t silver

RE:RE:14 g/t gold, 11.5% copper, 283 g/t silverWho gives a hoot right now about fundamentals? If a major shareholder who still owns millions of shares continues to dump this one will remain in the crapper until assays justify an increase. If BTU has decided to make Kalt pay by slowing down the release of news, and they can play this game, if they choose then it will continue too trade in the range of .09 - .12 cents.  . . . 

Some quick math . . . BTU might be able to drill 100 meters a day, allowing then four days a hole for set up, drill, tear down and movement. They appear to want to drill 12-15 holes which likely means this program could go into September until it is completed. Allow 60 days for assays and if BTU chose to they could hold off reporting until October, likely sufficient time for Kalt to drain his BTU share account, assuming BTU trades 300,000 - 500,000 shares a day and bozo sells 100,000 or so. 

So fundamentals . . . that train has left the station . . . and now it is all about getting rid of an investor who went rogue and impacted all of us who bought into the story.
Bullboard Posts