Post by
reddog11 on Sep 09, 2022 10:42am
Thierry Value
Looking at BHT another way. The stock price produces a net market cap of about 11.5 million Canadian. What could BHT sell Thierry for? Thierry is a "brownsfield" past producing mine and needs about $140 million to open. Thats about 1/2 -1/3 the cost of opening most mining projects.
It seems that if Bull River was denied BHT would own Thierry only. The resource has proven to hold more Palladium and Nickel than first thought as well as a huge amount of copper. Would Thierry alone be worth $11.5 million? I dont see how not.
Point is, the stock price is reflecting (2) scenerios. (1): Bull River is valued at 11.5 million (ore in stcok pile is 20 million) and Thierry is wirth zero. or...(2) Bull River is worth zero and Thierry is worth 11.5 million. Both scenerios are showing BHT value far below the realities.
still buying near bid when offered to me.
jmo
RD
Comment by
reddog11 on Sep 09, 2022 2:51pm
Thanks Wayned, Appreciate the info. RD