This is the replyThankyou for your comments. The Deflector Gold...

This is the reply

Thankyou for your comments. The Deflector Gold Copper Project has come a long way the last 12 months, and it has certainly exceeded my expectations. Our primary focus is now fast tracking that project to get into production in the second half of 2007, this will realize significant value to BTV. The drilling program will be completed end of this month, and resource modeling will follow with a resource update end of July early August. The BFS is in progress, aiming to have completed so a development decision can be made in the last qtr. We believe our Gullewa tenements are under explored for Au and Cu, also Brandy Hill is showing potential for iron, a secondary area of focus.



In regards to the uranium tenements, BTV acquired Harts Range from a Geologist/Prospector, all the other tenements (Plenty Highway, Hale River and Curtis Pound) were pegged by BTV in their own right at a cost of approximately $10K. All the tenements apart from Harts Range (which have recently been granted) remain as EL applications, and until they are granted cannot conduct on the ground exploration, this process is taking longer than expected.



In regards to the Thor deal, BTV will end up owning approximately 15% of Thor, currently valued at $3.5M, a significant return on the funds invested in acquiring the uranium exploration ground. Thor is developing the Molyhil Tungsten Molybdenum Project in the NT, with the Feasibility Study currently in progress with the view to get into production in late 2007, with the current W and Mo prices a robust project. BTV will have exposure to this Project as well as the uranium exploration.

Regards
Gregory M Durack