RE: BTC strategy......28 Aug 2025 07:45
Bluebird Mining Ventures – Simplified Update
1. Philippines: Revenue Incoming from Batangas Gold Project
A deal is close to being signed for the Batangas Gold Project.
Once finalized, Bluebird will receive:
A 10% share of profits from the mine for its entire life.
A $250,000 bonus every time 5,000 oz of gold is sold — if the gold price stays above $3,000/oz.
The project has a JORC-compliant gold resource of 440,000 oz.
Importantly, Bluebird doesn’t need to spend any more money on the project but will still oversee key aspects.
The company plans to convert gold revenue into Bitcoin, calling this a "digital gold" strategy.
2. South Korea: Kochang Mine Permit Delayed
The key mining permit (MTUP) for the Kochang Gold-Silver Mine has been delayed.
It’s now expected by Q2 2025, due to administrative hold-ups.
Legal advisors say no legal obstacles are preventing approval.
Bluebird’s team plans to visit South Korea shortly to meet local partners and advisors.
The company’s joint venture partner has already paid the 2025 license fee, showing ongoing support.
3. New Bitcoin-Based Treasury Strategy
Bluebird will convert its future gold streaming revenues into Bitcoin.
It believes this offers a smart way to store value — combining the strength of physical gold with the growth potential of digital assets.
This is a first for a UK-listed mining company.
As part of this shift, the company is searching for a new CEO with experience in both mining and digital assets.
4. Corporate and Funding
Funds from a recent share subscription (announced in June) have now been received.
Formal share issuance and market listing updates will follow soon.
Final Take
The Batangas deal is a clear win — bringing in revenue without new costs.
The Kochang delay is frustrating but doesn't threaten the project long term.
The Bitcoin strategy is bold and could attract fresh investor attention — though it may also divide opinion.
Execution will be key. If Bluebird hits its next milestones, the stock could re-rate significantly.