RE:RE:HousekeepingFriuitvale, I'm not a basher nor am I a unmitigated cheerleader. I don't think it is right to call names and criticize anyone who brings up possible negative things. As shareholders we should want to know the truth, I do. having said that Bob Moriarity reported on the high grades Bonterra has . near 99%
321 gold on Bonterra high grades This doesn't prove the SP will go up, nor does it mean we have 5 million ounces but it would seem to indicate that gold, at least, would be profitable to mine
fruitvale3067 wrote: Iluv, I agree. A lot of companies have been purchased by gold in the ground. However not all of them were good purchases. The mining industry is littered with bad purchases. We already know they are shutting down bachlor lake. I was teling you two years ago it was running out of economical ore and you didn't believe me. Every time they posted drill results you said see plenty of gold. yet the company continued to loose money.
Listen, it all boils down to profit vs expenditures. Right now expenditures are winning. We won't know the other side of the equation for another 12-18 months or so. MTO proved they couldn't mine the narrow veins for a consistant profit. BTR is going to take production to the next level by sending more ore to the mill. But until they actually prove they can do it any share price appreciation isn't going to happem. You may get a spike from the 43-101 but until they can prove they can mine for a profit the big gains will have to wait. In the meantime they are going to need a lot more financing. My guess is you will probably see it right after the 43-101 is released with the hope the share price rises so fewer shares are issued.