BTV batavia mining limited

article from miningnews, page-4

  1. 2,746 Posts.
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    re: tennant creek increases its holdings On the back of the price fall today I am gratified to see management taking advantage of it. I knew BTV was cheap but obviously it is even more so as the insiders are loading up.

    My analysis is still the same:

    Mkt cap $23m
    cash $9m
    Thor holding $4m
    Resource 770,000 Deflector plus 150,000 Gullewa satellite orebody = 920,000oz
    mkt cap/oz net of cash = US$8/oz which is the bottom of the valuation curve.

 
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