What a Deal...discounted to be sure!In the Bonterra Resources Presentation the following numbers are posted in regards to historic drilling in terms of metres completed up to May 28, 2019.
Gladiator 196,000 metres
Barry 142,000 metres
Moroy 73,000 metres
Total 411,000 metres
I am going to use a present day cost of $250.00 per metre, all in..this includes the following costs....drilling, logging, splitting cores, transportation to labs, assay and final costs of geological interpretation.
That works out to a cost of 102,750,000....wow!
Now...add the 100,000 metres (round off) of additional drilling after May 28, 2019....100,000 X $250.00...25,000,000.
Total exploration drilling costs....152,750,000