for a start it is fully underwritten, which means the exploration expenses have now been met
the 4c share and free option:
the options are already virtually in the money and worth 1-1.5c
this is how I think it will work out:
1) shares in BTV will rise to 5.6-5.9 prior to holding date so existing holders win
2) on a holding of say 200000 purchased at today's price say 5c ($10000), you spend a further $2000 ($12000)
you then own 250000 shares worth say 5.5 min ($13570) and 50000 moptions worth 1.5c =($750)
$14320
profit $2350
and you are now participating in a fully funded exploration program in the hottest commodity and in the right state
which will hardly see the share price decrease
I predict that in the above example your investment of $14320 held for 6 months will be worth as much as $30000 (min .08 ands .03= $21500)
that's why I am going in for more
correct me if I am wrong (preferably before the bell LOL)
cheers
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