I took a stab at BTR at $1.04 and made a big return taking plenty of profits on the big move around $1.90,yes their grades were top rate and their resource is huge, im a huge follower of these copper juniors VOR, AVB and now BTR, the biggest problem with AVB and VOR is simply the amount of shares on issue. BTR ran like wild fire as they only have 123m on issue with 70% locked up in the top 20 and possibly more now.
Both AVB and VOR have brilliant projects but ive concluded its going to be hard to move the price with so many shares on issue. I lean towards VOR over AVB simply because VOR has delivered big wide zones of high grade. VOR needs to deliver that big thumping 200m+ zone pulling 2 - 3% copper to get the markets attention again, i think the market is also smelling a capital raising which is keeping a lid on things.
just dipped under 6c again.
VAL Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held
