This is the best possible option for BTR, now we have significant upside potential for shareholders right away.
$80 million is enough to fully unlock the potential of the Mumbwa resource.
More drill results & DFS due soon at Kitumba and drilling commenced at Khakozi, bear in mind BTR have already had copper hits at Khakozi so its already recognised as a possible 2nd resource.
Forget Glencore,funding a mine or a JV all we need is to find the copper, that will be enough to allow this share to go to $.
The big boys in the mining industry as a whole are struggling globally with low grade resources and high costs.
Mumbwa already has a world class high grade deposit at Kitumba and Africa especially Zambia is where the big boys know they need to be to find it.
Find the copper and the big boys will come knocking on the door to mine it.
I am intrigued was this a game plan by Scott Lowe from the outset as talks must have been going on for a considerable length of time to get this deal on the table and he hasn't been gone long?
BTR Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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