Beartooth Platinum BTP (tsx-v) was the #3 volume leader on the venture exchange last week with one block of 3,019,500 shares crossing the floor. Click the 2 year chart at the bottom of this post and you will see the most beautiful rounding bottom. Rounding bottoms start to move up slowly but end in explosive upside action. $2 target.
The whole platinum/palladium sector is moving up, with Stillwater Mining (SWC-ny) and North Amer. Palladium (PAL-amex, PDL-to) tripling in the past 8 months. 3 global hedge funds have taken long positions in palladium and speculators will soon focus on the juniors. BTP controls 14000 acres surrounding Stillwater Mining's claims in South Central Montana. John Andrews, the former CEO of Stillwater is an active director ot BTP. Also, BTP has a drill ready, gold property in central Idaho. Major mining companies are looking for quality platinum group properties and Beartooth is at the top of their list. The Stillwater Complex in Montana contains the richest grades of Pd/Pt in the world, and these reefs run on to Beartooth's land. Next week the stock will really run.
www.beartoothplatinum.com
www.stockta.com punch in btp.c
www.stockhouse.com bullboards |
