you seem split in your post. in one breath you say BTR is worth nothing because as yet it produces nothing, later on in your post you say you believe BTR are undervalued????
resource stocks are generally valued on the assets they contain in the ground. at present we know that btr's share of zinc & copper in the ground is valued at billions!
fortescue minerals, fmg, were valued at around $10 billion before they ever sold a shipment of iron ore. at present we have amx, gry, sfr, rxm plus literally dozens of other resource stocks trading at several hundred million $$$ but none of them have yet pulled anything out of the ground.
so whilst i can sort of understand the underlying sentiments of your post, and would probably agree in virtually any other sector, it is my opinion that in the resources sector the dominant theme of your post is lacking.
cheers.
BTR Price at posting:
68.2¢ Sentiment: Buy Disclosure: Held
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