Post by
Wayned52 on Jun 04, 2022 1:23pm
BHT vs CMMC
Just to get an idea of where our share price could go there is an example just up the road from BHT near Princeton BC . Copper Mountain , T.CMMC is a company very similar to BHT but with a pile of debt and close to the same # of shares out . They are/were a pretty solid producer and have a lot of fairly low grade ore . We don`t have as much tonnage yet but ours is pretty high grade stuff .
While we bounce around 9 cents , up until March CMMC was around $4 !!! Then they had mill problems and reported bad results . Two months later the s/p was at $2 but is starting to recover .
They are also running up more debt on a big exploration project in Australia .
My point is we have a ridiculous valuation . At Thierry we already have more tonnage at a much better grade then they are likely to outline in Australia and BC and we are still exploring more . We got the project at a fire sale with $200 million already spent and a mill there . Thank you Ian .
Does anybody else see what I see ? With a few breaks and some time , we should be doing better than CMMC if you compare apples to apples . Compare for yourself .
Comment by
reddog11 on Jun 04, 2022 6:48pm
Wayned, Well said and I so agree. There are virtually zero mining comapnies with a market cap of $25 million about to actually begin mining a producing mine AND a mill in place, and a pile of ore valued at more than the company entire market cap. I am so glad I found this one. I have others also, but this is a great one. ...and the Thierry RD
Comment by
Wayned52 on Jun 06, 2022 11:28am
I expected a bit of a bump today . But I think until somebody actually signed something we wait . Nobody trusts nobody .
Comment by
reddog11 on Jun 06, 2022 1:32pm
The news a few days ago was great news. I think the stock is just not followed much, however I am very happy I found it. ...again to repeat myself; the ore stockpile, already mined sitting at Bull River, is worth more than the company market cap currently. RD