If the Gullewa resource is upgraded some interesting numbers start spinning.Back in Jan. 2004,when the market cap. of BTV was $30m.,share price 17c,the gold price was U.S.$423,now gold it is tracking 25% higher at U.S.%530 oz. ,the market cap. @4c is less than half at $14m. 329,000 oz.au-cu had been defined,aim was to find 600,000 oz. Now if we get a resource upgrade and the met. problems are resolved,we just might find the Germans are spot on lifting that overnight price 70%.If it is a major upgrade,in an environment of rising gold prices,then the status of 'emerging producer' draws a big following. BDG for example,have just moved up at three times the rate of the last % jump in gold,relate that to BTV,it is quite possible that a market cap. of $40-50m. will soon be more appropriate,i.e. a share price of 12-15cents. Do your own homework,this is just my opinion. SEARAY
BTV Price at posting:
0.0¢ Sentiment: None Disclosure: Held
