RE:Let's update what's been going on.. I see a giant coming to gobble up everything. Right now the controllers likely have the power to thwart a hostile take over. The price of gold and mining costs equal profit...good profit for btr.
800 tpd @5 grams = 4000 grams about 128 oz per day
conservative $1000 profit per oz is $128,000 a day
300 days full production $38 million dollars or 38 cents per share
That's likely available sooner than management will admit at this time for good reasons.
Multiple heading at the Barry will ensure consistent production.
Moroy is ready to start tapping.
Gladiator requires time.
Looking at the close proximity to surface has many advantages. Barry is close. Moroy is development is close. Gladiator is close to surface.
If they were not preparing to sell the company why not mine. That being said the exploration drilling continues and production potential stays intact.
The price of gold expected to move higher.
Osisko needs the company without any doubt in my mind.
KL has a war chest.....they may be looking very closely.
Pascal has the job to explore,expand right now. Doing a fine job.
One hole away ....eight drills looking for that hole.