Well...BTR is evaluating strategic options as I understand so it might be that aligned to a ressources upgrade open pit might be an option (personally I doubt that this will be the case).
However...the pending drilling results (especially KITDD_034) might not only have an impact on the ressources but also on the kind of possible future design of the mine. Personally I found it also interesting that the are targeting 3 additional areas in the vicinity of Kitumba (600 to 1200m). I guess that a "good grade or high grade hit" near the surface might enable a open pit there and who knows...maybe then the final design might be a joint production of underground and open pit mining.
I have to admit that this some kind of best case szenario. However...I wrote to Scott this week and his comment in regard to the 3 drilling was:"Yes, there is sufficient smoke to justify drilling there".
On current level I guess that BTR is like an option without maturity. The downside risk is comprehensible, the upside potential is existing.
A lot can and will change in the next 6 months. To the better or to the worse. We will see.
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1.6¢ |
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Mkt cap ! $94.54M |
Open | High | Low | Value | Volume |
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49 | 19774029 | 0.015 |
19 | 3777358 | 0.014 |
9 | 5069377 | 0.013 |
9 | 6268337 | 0.012 |
Price($) | Vol. | No. |
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0.018 | 7422175 | 19 |
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