RE:RE:RE:RE:RE:RE:RE:RE:A mill means something , just ask OsiskoTannin, nice posts. You have seen the light.
Haven't heard from Pokin in a little while. Wonder if he finally cashed in his shares.
I've been thinking about what this "good news" that MAP was referring too that we will hear about in the next couple months. So lets walk thru a couple possibilities shall we.
1) $25 Million in funding for the mill - No, I don't think so. Mainly because they are now trying to get the mill expansion dropped from 2400 TPD to 1800 TPD and according to the schedule that will take some time to do that.
2) More flow thru funding - Good Possiblility, however the company does have 10 million on the books and with just 2 drills running might be able to stretch that out for a couple quarters. More funding both for general operations and drilling will be needed coming up.
3) Team up with Osisko for drilling on Duke property. Which means no results until the latter half of 2024 and BTR will still need more funding.
4) Here comes that merger that I spoke about - Possible, if they are having trouble finding funding. Which sounds like a possibility. MAP mentioned he was speaking with some investors at Beaver Creek about funding the mill expansion but that looks to have has changed due to increased cost, and the company closing things down (Moroy and BAchelor Lake) and now downsizing the mill, and scraping the open pit plans. If this occurs MAP may stay on to run the Barry, Gladiator Mill operations, however the BOD are shown the door. Which quite frankly is the way it should be based on share price performance up to this point. Not as likely a scenerio as funding for more drilling but it has an outside chance.
5) Somebody else wants to use the mill at 800 TPD - Possibly, however nobody has used the mill up to this point and they have been promoting it for a decade, but you never know. How ironic, that BTR can't find enough economical ore to mine so they rent the mill out for someone else to do it. Pathetic.
Unless something comes out of left field we're not expecting I'd say more funding for further drilling, followed by a merger are the two most likely scenerio's. If anyone has any other options please fell free to toss them out.