RE:Thierry ValueI am always tempted to use Copper Mountain , CMMC , just up the road from us near Princeton BC as a model .
It is hard to make a fair comparison because CMMC is a producer . I am not going to recite facts and figures that nobody will reads anyway but I will throw a few ballpark figures out there . It gives some idea how explosive BHT could be if only we could get our permits .
Both companies have close to the same shares out . BHT only slightly more . CMMC has a larger resource right now , but not that much when you consider out exploration potential . Their resource is much lower grade and higher cost than ours " should be " So Bull River could be a more profitable mine .
CMMC has a big debt load but not that bad for a copper producer . We don`t have much serious debt . If we could get the mine started all kinds of debt options would be open to us that we could easily handle without share dilution .
CMMC has the EVA project in the middle of nowhere in Austrailia . Big but a grade of .48% and a billion or two needed for infrastructure . We have the Thierry that is big already and could be enormous . With a highway and power line right nearby and the Canadian National Railway main line not far away . And also a workforce . I still can`t believe no major has grabbed this .
So in my opinion BHT is the better buy .
In the last 18 months CMMC has been as high as $5 and up to $4 this year . But the management has been working hard to run it into the ground and there have been serious operating issues . Mining isn`t easy . Only a few weeks ago the CFO was fired on the spot and nobody knows why . The share price has gone down to $1.50 . Very undervalued now .
I think our management could easily make us the better company if given the chance and the rewards for the shareholders would be staggering . Any mining investor should be able to see that .
We only need the government to release the handcuffs the unaccountable bureaucates have put on us so our guys can get to work. It`s a crime really .
I am an admitted pumper just trying to show how valuable BHT really is .