Isn't it funny ? I bought BTR at an average of A$ 3.45 years...

Isn't it funny ? I bought BTR at an average of A$ 3.45 years ago. Delusion ? Yes...when the SP dropped to something like 6 cents or so and I had a loss of 98 % on my position. Well...I averaged down heavily then because I was convinced of the story (Perkoa and especially Mumbwa). Waited for years till the story begun to unfold. The beginning of this unfolding were the excellent drilling results at Kitumba confirming the "guts feeling of Flory" (and surely also of Scott). BHP was wrong in regard to Mumbwa and a lot of other people also. The potential is still there....in the ground...waiting to be found, explored and converted into cash.

For years only a few desperate shareholders were posting und making some comments on BTR. In the last months I have seen a lot of new particpants in this forum. Which obviously is great but also shows me that there is/was a little bit of hype in this stock. Rome was not build in a day and the SP will not raise from 50 cents to 20 A$ in 12 months.

So what do we have here ? Some time ago only a big hole somewhere in Burkina Faso on care and maintenance. 1 more or less good drilling results at Mumbwa (the "discovery" hole) not more not less and this all in the middle of a financial and global crisis.

And today ?

We have Perkoa. High grade Zinc mine. Start of production in a few months. Financials and economic have been substantially improved for this project. Further explorations potential due to the fact that this kind of deposits usually build clusters and there is a good chance to find a 2nd or 3rd Perkoa around the corner. Silver and lead in addtion and - helloooo - still one of the most important players in the commodity business on board: Glencore !

We have Mumbwa: Large, widely unexplored. A rather world class deposit at Kitumba. A scoping study underway and in my view confirming that already with the existing deposit an economic mining operation can be set up. Slowely but surely geologists are understanding the pattern and characteristics of this IOCG deposit. At 1 hour walk distance you will find "Kazokhi". Uuuppss....target No 1. Never mentioned before respectively only mentioned after the release of the JORC complaint ressource estimate of Kitumba. Well I am not a clairvoyant or so but I am sufficiently smart to understand that after they have understood how the cookie crumbles at Kitumba they pulled out Kazokhi out the drawer and now the are drlling there surely not because the think that it would be funny to add some more holes at the end of the world. To make a long story short: Mumbwa was a "chance" a "possibility" some kind of "fiction" and slowely there is at least 50 % chance that it will turn out to be somehting really BIG. We might need another 12 months maybe 24 months to understand that. But I am sure, in 5 years you will look back and realize that Mumbwa was one of the largest discoveries in the last 10 years.

We had cash in the bank, we have 40 mio from the CR, we have another 5 mio coming from Perkoa I hope in the next 12-18 months. That's a lot of money for such a still relatively small company. I am sure that Scott will wisely use these funds to push all the projects in the right direction.

Okay...let's conclude my relax, rely and wait posting.

Why relax: because after all what I have seen and experienced in the last years I just do not care if the SP drops from 1.30 to 1.10 or raises from 1.10 to 1.30. It doesn't change anything in my life. So no reason for my to get overexcited just because the SP fluctuates a few percents. What counts is what I get for 1 share after the story has completely unfolded. Furthermore some smart brains decided to invest in BTR (Glencore for example) to top up their investments to be fully on board in regard of the CR. Why ? Because the want loose money ? Or because they think they could make 10 or 20 % of profit ? Surely not....they are aiming for the jack pot.

Why rely: Because Scott was able to turn over the company and has always consistently delivered. The non-glamour guy, the understatement guy, the what ever guy....but one thing is sure: So far he has DELIVERED and I am sure, he will deliver also in future.

Why wait: Just because a) Rome was not build in a day and b) because miracles take a little bit longer.

I just do not care because I bought BTR with a time horizon of 10 years. So I have another 4 or 5 years...and I am still waiting for the jackpot (as we know, Perkoa was always the underlying fundamental story and Mumbwa was the blackbox and possible jackpot in this game).

And I am still of the same opinion like already 1 or 2 or 3 years ago. BTR has a good chance to end as a 1 to 5 billion A$ company....and this is in line with my personal share price target of 4-40 A$ (4 to 40 just because I believe in numbers and miracles...)

So lean back and wait. My crystal ball is telling me that end of 2014 everything will be different. Especially for BTR....and for me. ; )))