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Gold/Mining/Energy : Bitterroot Res. (V.BTT)

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To: George J. Tromp who wrote (62)3/16/1997 11:07:00 AM
From: Eric Rojas   of 107
 
Hi George, we meet again, I've been with BTT for over 6 months now, here is in a nutshell what I know:
1. BTT is trying to prove that the Michinga Upper peninsula has a Ni/Co elephant hidden, the theory was postulated by an authority on Ni.
2. Bishop has bought the theory to the point that( I was told, not sure) he has participated on a pp.
3. Most of the investors are in USA, Michael Carr, the president, has also a sizable position on the company.
4. Stock seems to be tightly held, it has been hovering between 1.40 to 1.60 for the last few months.
5. I do not expect drilling to start until early April the earliest.
6. I do expect Tomorrow to jump on Bishop's mention of the play, but after a few days may dip back again to the 1.60 support level, that probably will be the latest buying opportunity before this stocks takes off to the races (just on speculation alone).
7. If they hit, it will be a homerun, if they miss, the one that blinks will loose their shirt....
Hope this will help.
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