battle

Coming back to the ultimate truth and looking at todays presentation I think that I was not completely wrong with my assumptions.

Looking at the presentation I would say, that more or less BTR is on track. I have also the feeling that the outcome of the PFS will be positive and then aligned to the announcment of a new CEO (who possibly is close to Glencore).

What we have seen in the last days and what we are seeing today again is the battle between bull and bears or better: between "believers of the story" and the others.....

I have some sympathy and I see also some rational reasons why the SP has dropped from 1.50 to 0.90...even for the drop from 0.90 to 0.50....BUT I do not see the reason for the fall from 0.50 to 0.19.

Looking at the massif volumes of the last days I come to the conclusion that some investors have realized that this is a no brainer (speculativ in the short term and possibly with an enourmous potential in the long term).

What if in 10 days a positive drilling result will be announced ? What will happen if the PFS is positive ?

In my view and putting togehter all the available informations that I have and also considering the macro-economic environment, risk and chances I think the current "fair" value should be around 40 cents.

....and I think that the market will recognize this an we will move towards this level in the next few weeks.

Surprisingly we have not seen one broker/analyst buy recommendation on these smashed levels.....or have you seen one ?

I wonder if UBS will come with an update....at the of the day it was conference organized by UBS.

If you have balls (iron balls if possible) then BTR now is a clear buy. I have bought my last shares at 25 cents.