BTV 2.33% 21.0¢ batavia mining limited

If the Gullewa resource is upgraded some interesting numbers...

  1. 203 Posts.
    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
 
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