RE:I was told this would never go below .065 againIf anyone would go to the BC Enviroment Assessent Office website and search Bull River and then you can read all correspondence up unti mid June, you can easily see whats going on here. NOT BHT management. Although this is a "Brownsfield" project the permitting has been slow due to some opposition for reasons you can read about.
I feel (JMO) that the project will be permitted based on the objctions being minor at best and already a previuosly approved mine. IF, this project is denied based on the current objections, I would say most all projects in Canada are in jeopardy. Any developement of any land for any reason will always have trade offs. If Canada based on FN input decides it doesnt want any devlopment or mining then good luck Cananda.
If the project is approved then this will be an amazing asset given the already mined ore in place worth 1 1/2 times the company market cap presently. Any study of Copper reserves stored at the LME is in major defict despite all the recession fears, as well as South America raising the royalties on many copper companies. World recession fears have already driven the price of base metals to perceived lows. Commodity prices have factored in the recession. The recession will pass.
Refining the ore pile cost is nearly free money even at $3.65 copper.
I am NOT a pumper. Just tryingto see the risk / reward factor, and at the current price I believe a reasonably good gamble.
Thierry potential at this point isnt even being consideredin the share price, its ALL Bull River.
https://www2.gov.bc.ca/gov/content/environment/natural-resource-stewardship/environmental-assessments
RD