I do not get itfruitvale3067 says he finished positioning with Erdene Resources yesterday. He touts this stock quite frequently I see. So I thought I'd have a look.
First off, the stock has done absolutely nothing over a six-year period. In May of 2018, it traded at 36 cents. Today's close is .36 cents.
Some impressive drill results for sure. And yet the stock needle has done nothing with those stellar results? As you decry BTR, will you not admit your Mongolian baby is much worse? Think about it, such impressive numbers, and the stock does not move?
That makes it much worse.
Second, is this what he is giddy about?
- 021 BK Mineral Resource Estimate contains 61,700 more ounces gold (36%) in the Measured category and 2,700 more ounces of gold (1%) in the Indicated category
- Measured mineral resources within the minable pit, as defined by the 2020 Feasibility Study increased by 47,500 ounces (28%)
- Confirmed the high-grade nature of the BK deposit with an average grade of 6.59 g/t gold for combined Measured and Indicated Resources, at a cut-off grade of 1.0 g/t gold
- Targeting a total resource inventory of 2 million ounces gold equivalent by the end of 2022
I'm not bashing but his continual denigration of BTR calls for a look at his superior investing skills?
I only find about 600K Au at best.
BTR has 3.1MM ozs, a mill, a crew, staff, cell phone reception, 4 million ozs on deck, and drills turning.
Sure, they have potential, though BTR has a R/E presently sitting at 3.1MM.
But, and this is a BIG BUT, the gov't gets 50%. 100% anytime they wish, just take it all if they please. Canada has rule of law.
Lastly, BTR is in Quebec, arguably one of the best districts in the world presently.
Care to tell the room where Mongolia stands on the world mining scale?