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[QUOTE]Originally posted by northernprophet: [QB] Also lionelbuff, in answering your other questions, BTP is flat broke and needs money. In my opinion, BTP needs at least $2 million, and $5 million if they are still going to drill Montana this year. I would not like to see them raise money below 25-30 cents. When a company gets bought out, there are 2 options. cash buyout, share merger Majors like Barrick, Newmont, Placer, pay the shareholders cash for their shares, and the old company no longer exists. But these guys only buy out world-class multimillion ounce deposits. Another scenario is a merger(just an example, I am not implying it will happen} where shares are swapped. For example, if Wheaton River was going to buy out BTP, they would give BTP shareholders, say, 1 WRM share for every 3 shares of BTP. In either case, BTP would cease to exist, its assets would be part of the new company. Remember, BTP has gold in the ground, but lots of money has to be spent getting it out. They need to discover more, and their properties have excellent potential. [/QB][/QUOTE]
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