Very interesting. Sometimes for days or even weeks togheter with some - at least at that time - unhappy fellows it seemed that I was the only one interested in BTR. Very happy now to see dozens of postings everyday and a lot of interesting comments and thoughts (that by the way have already been made in the past but now after the excellent drilling results have become more actual then ever).
In my view with S36_033 they have not hit the core. We could even see better results. If the next hole near to 033 shows similar or better grades, then we might be confronted with another revaluation. Fasten your seat belts then.....
Might be that I am a little bit nuts. But after holding and accumulating a lot of BTR shares within the last 5 years I think this is normal. By the way...I am holding only 2 investments. 1 is BTR the other one is Woulfe Mining (see yesterdays announcement: http://news.mk.co.kr/english/newsRead.php?sc=30800001&cm=Top%20Story&year=2012&no=133368&selFlag=&relatedcode=&wonNo=&sID=308 if you are interested (not a buy recommendation !).
Well.... to bring it to the point. I think and my guts are telling me, that we have to wait another maybe few months up to 2.5 years (till November 2014) and we will see a share price between 4 and 15 A$. More is possible but it would be to overconfident to make such a guess.
A$ 4.00 in the case of a take over within the next few months and A$ 15 if Kitumba/Mumbwa turns out to be a 1/4 Olympic Dam or a Prominent Hill style deposit. Latter we will know only after more drillings and that needs time.
As I said I am probably a little bit nuts. On the other hand BTR was a sleeping beauty for years (well beauty I am not sure...) and if somebody has the intention to marry now the bride then obviously he has to pay. The longer he waits the more expensive the marriage !!!! BHP walked away...wrong decision....
I surely will not sell not one share before November 2014. But obviously if the company will be taken over..well then I have to submit my shares.
Well...I guess Warren Buffet is right.....
BTR Price at posting:
$1.43 Sentiment: LT Buy Disclosure: Held
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