BTR 6.25% 1.7¢ brightstar resources limited

further results, page-7

  1. 4,165 Posts.
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    Well...BTR is evaluating strategic options as I understand so it might be that aligned to a ressources upgrade open pit might be an option (personally I doubt that this will be the case).

    However...the pending drilling results (especially KITDD_034) might not only have an impact on the ressources but also on the kind of possible future design of the mine. Personally I found it also interesting that the are targeting 3 additional areas in the vicinity of Kitumba (600 to 1200m). I guess that a "good grade or high grade hit" near the surface might enable a open pit there and who knows...maybe then the final design might be a joint production of underground and open pit mining.

    I have to admit that this some kind of best case szenario. However...I wrote to Scott this week and his comment in regard to the 3 drilling was:"Yes, there is sufficient smoke to justify drilling there".

    On current level I guess that BTR is like an option without maturity. The downside risk is comprehensible, the upside potential is existing.

    A lot can and will change in the next 6 months. To the better or to the worse. We will see.
 
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