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blue_in_MI
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.12 - that's 50% up in 2 days. i told you guys this baby was flying to the moon!!!

heh, sorry - just thought it was about time this thread had some levity.


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blue_in_MI
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actual news out today. dig results?!?! nah. yet more management added to the staff. great - just what we need: more "managers", now there is one management person for each and every hole they dug this summer. i would prefer more digging, and less management. their bank account is roughly the same as my 11-year old's from his lawnmowing money, now there is yet another drain on their meager cash. i just don't get it.

DRILL THE VEZ IN MONTANA!! that is the one thing about this company that would make me happy. maybe when i retire they will prod at it with a paper clip and hire 11 more managers to think about whether to step up to prodding with a pencil instead.


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northernprophet
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Hi blue. I believe we will finally be rewarded.
The recent strength in SWC and PAL is foreshadowing a move in palladium over $300/oz.
I know they have the goods, and if/when they announce they are going to drill into the heart of the VEZ, the market will take notice.
In July, someone told me Keith Minty would be supervising the drill program, hopefully that is true.
Also, they have 12000 feet of the J-M reef on the eastern edge of the property (Black Butte) hopefully 2000 feet is minable. 2000 feet would be enough for a mine.
Also, John Andrews has gone from a consultant to a director again.

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northernprophet
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Also, go to BTPs website, they have made a few changes. Go to the properties section and click the stuff that has to do with Montana and palladium.
There is much more info there now.

Go the the "investor info" section and look at their 99 and 00 annual reports. Interesting reading.

[This message has been edited by northernprophet (edited October 07, 2004).]


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blue_in_MI
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well, i hope you're right, NP. i am still holding BTP for 3 reasons:

* it's tanked so far already that i might as well just stay in with my small amount

* i agree that Pd is undervalued and will move up to $300+ range within a year

* the montana property is so promising

i have been quite outspoken about my complaints about management and strategy, and i stand by all my comments. they had a lousy summer and messed up in many key areas, even the staunchest BTP supporter would have to admit that I think. But - as I said, despite my keen disgruntelement with their summer as a shareholder, I am going to stay with them and wait and see what happens. we shall see.


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blue_in_MI
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well one effect i'll grant that the latest PR had: we now have volume over 10k shares a day, for a change.
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northernprophet
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V BTP 2004-10-07 09:36:01 0.11 -0.02 15,000 80 National Bank 59 PI

V BTP 2004-10-07 09:42:12 0.12 -0.01 15,000 38 Golden Capital 80 National Bank

V BTP 2004-10-07 09:30:08 0.135 0.005 13,500 83 Research Cap 6 Union

V BTP 2004-10-07 09:35:16 0.12 -0.01 17,000 7 TD Sec 6 Union

V BTP 2004-10-07 09:36:01 0.11 -0.02 20,000 38 Golden Capital 59 PI

V BTP 2004-10-07 10:17:01 0.12 -0.01 20,000 2 RBC 6 Union

V BTP 2004-10-07 09:30:45 0.125 -0.005 20,000 2 RBC 59 PI

V BTP 2004-10-07 11:19:04 0.12 -0.01 29,500 95 Wolverton 6 Union

V BTP 2004-10-07 10:44:42 0.12 -0.01 30,000 38 Golden Capital 6 Union

V BTP 2004-10-07 13:39:53 0.12 -0.01 39,500 2 RBC 59 PI

V BTP 2004-10-07 09:42:12 0.12 -0.01 83,000 38 Golden Capital 6 Union

V BTP 2004-10-07 10:10:38 0.12 -0.01 100,000 94 Hampton 6 Union
v

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blue_in_MI
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are those buys, or sells?

and how is L2 looking these days?


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northernprophet
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The first house is the buyer, and the second one is the seller.The numbers are the brokerage house numbers. Some big buys, certainly not the retail crowd.
There are not that many up for sale on L2, I will get back to you on L2.
Thanksgiving on Monday in Canada, so markets will be closed.

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blue_in_MI
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i have to say, there is a definite bounce going on with junior minors.

as usually happens to me - tried to get BZA.V at .14, just missed it, now it's at .24. *sigh*


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northernprophet
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Yes, as usual, late Sept/early Oct is the best time to buy the juniors.
As for BTP, there is about 170,000 up for sale between 14 and 17 cents; about half of a few weeks ago. Not much for sale after that. Once BTP goes over 25 cents the buyers will be more aggressive and the sellers will thin out.
The theory of double bottoms, like BTP has made, (Aug 2003, sept 2004) is that in the second run the stock will run easier because less stock will be up for sale. Last year, people were happy to be able to sell this thing at any price because in Aug 2003 it looked like a delisting candidate. Only true believers left in this one.
Level 2 is a bit of a curse for me, a little over a year ago a stock called Eurozinc (EZM) was in the dumps at 8 cents with all the stock in the world up for sale, so I never bought it. Since then they raised $300 million and went up 10 times.
LOOK at the action in SWC and PAL, and palladium has gone up only 25-40 bucks.

Everything is pointing up for BTP now. Also, on a log chart, BTP has made a 2-year inverse head/shoulders bottom. The bigger the base, the bigger the bounce.

[This message has been edited by northernprophet (edited October 09, 2004).]


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BCmouser
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still have btp @ an average of .17 , BZA average of .185 and EDV @ 2.50. Patience is indeed the answer on these juniors. Gold , silver and especially palladium should continue up and this bodes well for all these . I also tried to pick up more BZA @ .14 but was unsuccessful. A few more I am looking at are LMA, MVG,TVI, TKO ,OZN and NAG.
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northernprophet
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I hope you are as happy as I am blue, and everyone else as well.
Drilling soon!!!!!
Read today's NR.

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blue_in_MI
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finally!!!!
http://biz.yahoo.com/ccn/041012/bd7e7d904c41a6ad33425d490655c191_1.html

better late than never, i guess


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northernprophet
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I do not know why mgmt drilled Idaho first, but they are as skilled a team as anyone in junior mining( although they have not shown it yet)
I am sure they have a good plan.
Bharti took Desert Sun(DSM, DEZ amex from pennies to over $2.00 Cdn.)
Bharti's Crowflight Minerals (CML) has a good past couple of weeks, doubling from 17-18 cents to 35 cents. They have a huge land holding in the Sudbury Basin.Ni-Cu PGEs.Also some land in Northern Manitoba.
With drill results, BTP will have its ups and downs, but I believe the next 5-6 months will be worth the wait.
The most important thing in pennies is ownership, and insiders, brokers, funds own at least 35-40 million shares of BTP. (That is a lot of paper) Their interests should be aligned with ours.
REMEMBER, at the beginning of a promotion, the insiders own the stock, and the investors have the cash, at the end of a promotion, the insiders have the cash, and the investors own the shares.
But, I am hopeful that this is more than a promo, and that there is a merger or buyout as the endgame.


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blue_in_MI
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well so much for that rally, sure fizzled quickly.

is that a misprint, that *2* shares were traded today, for a total of 21 cents? heh


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BCmouser
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Yes stock****h shows two trades @ .105 , thats an odd one. Perhaps somebody with a lowball bid gets 2 shares for their hard work. Hope they had some free trades from their brokerage. LOL
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northernprophet
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No, that was not a misprint, a grand total of 2 shares crossed the floor today.
Bharti is busy promoting Crowflight (CML) right now, it has more than doubled in the past 2 weeks.
Beartooth should see some action soon.

I just checked level 2, and for the first time in weeks, there is not a big overhang of stock.
There is less than 100,000 up for sale all the way to 25 cents, that will obviously change, but at least there are no big sell orders hanging over the market.
There is about 320,000 shares bid between 10-12.5 cents.

[This message has been edited by northernprophet (edited October 20, 2004).]


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northernprophet
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Apex Law:
The Apex Law was established under the General Mining Law of 1872. It is a hard to understand law that presides over the ownership of vein mineralized bodies.
Basically, the law states that the owner of the apex(highest vertical point) of the system has title to the vertical extent of the mineralized body. The owner of the apex point must establish that it can be mined "for a profit".
So, if BTP controls even a small section of the J-M Reef on their claims, and the downdip extension of the reef goes on to SWC's claims, BTP would have title to the entire reef at depth including the part that is on SWC's claims.
Strange, but very true.

August 9, 2001
Diane Garrett
"The company (BTP) is presently compiling and reinterpreting the surface geology in light of the drilling results to establish the location of the J-M Reef relative to the newly identified fault and the Company's claim boundaries. This compilation covers an area where several SWC holes intersected the J-M Reef close to BTP's claim boundaries.
The results of BTP's recent drilling, combined with previously completed airborne and surface magnetics, provisionally indicate a reasonable probability that the apex of the J-M Reef occurs on BTP's ground west of the collar of holes IC-01-04 and IC-01-05."
This is referring to an area on BTP's south central holdings of the complex where the J-M reef crosses on to its property.

[This message has been edited by northernprophet (edited October 30, 2004).]


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northernprophet
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Stillwater Claims Dispute
1999 Annual Report
" During the year, it was discovered that the Stillwater Mining Company had tunnelled its East Boulder Twin Adits through a portion of ground controlled by BTP. The BTP land package as it crosses the now disputed SWC ground, covers approximately 3000 feet of the Picket Pin strike length, including 2800 feet of the East Boulder Twin Adits.
More specifically, the discrepancy involves 10 active "Ian" claims, as they're called, controlled by SWC. Examination of the documentation on the Ian claims, through maps, location notices and rental fee payments, provided by SWC (and its predecessors) to the Bureau of Land Management, isolated these claims in the South portion of section 22 and the north portion of section 27. This places the claim group about ONE MILE SOUTH OF THE LOCATION CLAIMED BY STILLWATER, substantially east of the strike of the East Boulder adits.

Stillwater received its Exploration and Plan of Operations approvals from the U.S. Forest Service with the agency's assumption that the adits would be constructed on SWC'c claims. It is BTP's contention as to the disputed 2800 feet that this assumption was incorrect and based on US and Montana mining law Stillwater has no authority to run tunnels through the Company's (BTP) claims without paying compensation.

Senior executives from both companies met in early July at the SWC offices in Columbus, Montana, to discuss the matter. However, no compensation has been offered to date. BTP believes its claims are valid and superior to any claim by SWC and continues to assert its ownership over them.
BTP hired an independent land status specialist. He has conducted studies for more than 20 years in Montana, Oregon, Idaho, and other Western states as part of the routine due diligence process for numerous major mining companies. The first phase of the review, which covered approximately half the Company's key claims and included a search of the Bureau of Land Management records, confirmed that these claims are in good standing. The remainder of the claims, acquired late in 1999, have been reviewed and are also in good standing."

As you can see, there is the potential for some litigation here. I do not know why, but almost every mining play I have ever been in involves some kind of lawsuit.
Stillwater even acknowledges in its last few annual reports that it is involved in some claim disputes.

[This message has been edited by northernprophet (edited October 30, 2004).]


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northernprophet
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It has been a long time, but I am still holding and waiting for the results from Montana, hopefully in January.

Friday close Level 2.

1 100,000 .11 //.12 2000 1
4 190,000 .105//.125 30000 1
4 90,000 .10 // .13 37500 3
1 100,000 .095// .135 30,000 1
xxxxxxxxxxxxxx//.14 20000 1
xxxxxxxxxxxxxx//.145 20000 1
xxxxxxxxxxxxxx// .15 14500 2

There are more bids, but I hope we never see 9 cents again.

They are drilling some great targets, and BTP has the nicest long term chart of any junior miner in Canada.
I have seen many great upside breakouts from this type of chart.
I know it is trying our patience, but making money is not supposed to be easy or quick, even though we buy stocks like BTP to make a quick buck or two.

Also, dumping is when bids get taken out and no new bids come in to take their place.
The action in BTP is that the bids get taken out, then new ones immediately come in to take their place.
Someone from E*TRADE bought 100,000 shares on Wednesday, and right now, one person has a bid for 100,000 shares at 11 cents.

[This message has been edited by northernprophet (edited December 10, 2004).]


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blue_in_MI
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eight cents, 52-week low. what a complete and utter POS BTP is, the worst stock i've ever bought. i'm sure drilling is just going peachy-great in montana in late january, they probably only have to dig through 4 feet of snow to put their shovel in. then again, they only drill 5 holes a year, so it only takes them 20 minutes. i'm sure the "reviewing" of the data is going great though, might take 3 more years. can't believe the insiders in this stock take $ for the complete and utter waste that was the year 2004 for them, they should all be *ashamed* at their complete and utter uselessness and thievery at the expense of shareholders.

i'm sorry NP, but - this is a complete and utter POS stock. my advice: sell now. eight cents is still better than where they are going to eventually end up, which we both know is: zero cents. what a POS.

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northernprophet
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The drilling was probably wrapped up 2 months ago.
The core is at the lab in Vancouver.
The lab was basically shut down for Christmas.
All companies are delayed reporting results because the labs are backed up.

The mgmt group is good.
Look at DSM.v and ADB.v
Both were started by the Bharti group that controls BTP.
BTP will move in Feb.
I am not selling, there is no difference between 8 cents and zero. If you want to know how Cdn juniors move, look at the charts of MMI.v, and TYS.v.
My dad had to sit on TYS for 4 years, it fell to 3.5 cents, now his holdings are worth BIG bucks.

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blue_in_MI
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i dunno about the drill results, but - i would dispute the fact that the management group is good. as i detailed in many previous posts, they completely botched this entire year in just about every way imaginable. yes, i know it wasn't their fault that Pd crashed, but - i still feel they had a very disappointing year and should be embarassed for the way they represented the interests of the shareholders. honestly it is hard to believe they have any interest in the shareholdders, if they had any integrity they would refuse to accept any payment for the "management" they provided this year.

no more canadian miners for me - the only one i hold and will continue to hold is EDV.TO. they actually produce results, instead of drilling 5-6 holes a year and spending the other 11-3/4 months sipping coffee and collecting checks.

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blue_in_MI
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more pathetic news today - yet even "managers" to do nothing but feed at the trough. they have about 11 chief officers per every hole they dug this year. pfft, what a joke
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CHECK THIS OUT THAT WILL BE HUGE SHRN TOMORROW

or at least in a week ...wow just good i am loaded

want to save money by online shopping http://www.activshopper.com/affiliatesprogram.asp?kbid=1080

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