all set and ready to surge, page-4

Looks like the patient has a pulse after all! I have been astonished how the market has sold this off in the face of a very good scoping study and a project that has serious grade and good economics. Gullewa is not a risky project now that the metallurgy has been solved, and I think the BFS is going to surprise a lot of very pigheaded analysts. My feeling is that BTV is worth between 15 and 20c a share in terms of its NPV from gullewa and holding in Thor and cash. Its a crazy bargain in a market that is chasing rainbows.