let's bring it to the point

Just listened several times to the interview with Scott.

If the scoping study indicates that Kitumba is economically viable then the current valutation is history. If Kitumba can be extended or furhter discoveries can be made (Kazhoki), then a 500m+ or even 1bn+ is not out of reach.

If the scoping study comes to the conclusion that Kitumba is not economically viable (what I personally do not believe) then fine, then the current valuation is probably okay.

So dear co-owners....it is still the old story ! Buy Perkoa and get Mubmwa for free. It is simply unbelievable.

The media coverage is/was largely positive. What is missing here are some hard assessments from part of some indipendent geologist. That's fine for me and I understand that some market participants might be cautious at this stage. As already mentioned: The hard facts will be delivered with the scoping study.

Nevertheless: Scott is talking of "fantastic" of a "turning point" and he seems to be not only convinced that Kitumba is economically viable but he seems also to be of the opinion that "this is not the end of story" (alluding to Kitumba and its potential).

In a post about 2 weeks ago I indicaated that we might need a little bit more of time to break the A$ 2.00 level. I guess this will happen in Q4. Scoping study will bring us on 1.50-2.00 and start production will be then the catalyst to break the 2 A$.

We will see where the story will end in 2013/2014. From I personal view I am still very convinced that everything between 4-40 A$ is possible.

Probably what is going on with BTR could be an example for a book about behauvioural finance.....irrational....but probalby when at some point in time in the future the SP will be at let's say 7 A$ then everybody will say:

what a undervalued company....what buying opportunity....

always the same story.