Cycletrader,on paper Bronzewing looks pretty good, and I would have thought that a $10m purchase price would be justified. My only issue with the project is that Great Central vastly overstated its resources (how the heck did they get that through JORC!) and it suddenly wound down in grade and ore towards the end of GCM's life. I suspect a lot of the decent stuff was mined out which is why View Resources struggled to deliver on its mine plan (and blew up on debt when it didnt happen). Its claimed two scalps so far, but this time it doesnt seem to have been bought for a kings ransom and the mine plan seems sensible. I think this could have been a project to look at and perhaps do a deal on. I dont believe the resource number but if it ends up being a half million resource figure which can actually be mined then that is something of definite value.
BTV Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
