I am pretty convinced that the new CEO will clear out the open...

I am pretty convinced that the new CEO will clear out the open questions with regard to Perkoa within the next 3 months. Till then the zinc price might be 10 % higher and give the story an additional positive spin.

Obviously you are right. Nobody cares about Kitumba. It is not priced in.

However....you can look at the overall story and be of the opinion that the glas is half empty or you are more optimistic and you think the glas is half full.

Looking at a half dozen of similar storys I have the feeling that the half is rather half full.

On the background of a really terrible 2013 and in the view of all the experienced rollercoaster in the last few month you are right: A lot of confidence has been destroyed and it will need a lot of hard facts to re-establish the trust.

Somehow I like the "underdog" role and also the fact that BTR is not any longer in the spotlight might have the one or other advantage.

Let's wait for the drilling results step out holes.

My expectations are very low...but happy to be surprised.