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BonTerra Resources Inc BONXF


Primary Symbol: V.BTR

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a 100% interest in 436 mineral claims covering 22,779.32 hectares surrounding the town of Desmaraisville. The Bachelor Mine is located on one mining concession, and one mining lease, four kilometers (km) south of Highway 113 and 90 km northeast of the city of Lebel-sur-Quevillon. The Company holds a 100% interest in 21 mineral claims in the city of Val-d’Or in Quebec covering 457.53 hectares. The Company holds a 90% interest in two mining leases north of the town of Skead within the city of Greater Sudbury in Ontario. The two mining leases cover an area of approximately 129.99 hectares.


TSXV:BTR - Post by User

Post by fruitvale3067on Aug 21, 2023 5:24pm
158 Views
Post# 35598734

Financials Posted...

Financials Posted...Here are the highlights (well actually lowlights)

1) First these are condensed interem financial statements. So read that carefully. The we get this not at the end of the Managements Responsibility for Financial Reporting: NOTICE TO READER

"The accompanying condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of management. The condensed consolidated interim financial statements for the three and six month periods ended June 30, 2023 and 2022 have not been reviewed and or audited by the Company's auditors."

2) Current cash was down to $2,193,382 as of June 30, 2022.

3) Liabilitiies were $13,825,279.

4) Shareholder Equity deficit now up to $287,647,065.

5) Net loss for the 3 months ended June 30, 2023 = $1,857,239

Working capital deficiency = $4,550,918

may I suggest you read Note #2...........Carefully!!!

Would someone like to explain to me why this is so undervalued again?


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