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Bonterra Resources Inc. V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources (BTR:V; BONXF: OTCQX) Is a gold exploration company focused on adding ounces to the world-class Abitibi Gold Belt in Quebec and Ontario, located in the most active exploration region in Canada with year round access.


TSXV:BTR - Post by User

Comment by idlefreebirdon Nov 28, 2022 7:01pm
80 Views
Post# 35135251

RE:Something worth Posting...

RE:Something worth Posting...fruit , that's a very nice FS.. keep in mind those numbers do include inflationay numbers and the $788 million they have for CAPEX is in Canadian funds therefore $600 million U.S.. wich is very good...Now the resource had a M&I GRADE OF 11.4 AND THERE DILUTED HEAD GRADE DROPPED TO 8.1 WICH IS STILL GOOD,,,they will raise the financing via debt with a 2 tear payback ...solid producer to be..end 2025

Now that being said you can see why Bontera is rethinking there strategy .. They closed Moroy because grade was 5 gpt but diluted grade was 2.6 gpt , therefore MAP figured not economical., care and maintenance,,

Barry grade is 5.12 M&I and 4.90 inferred...looking at Moroy and Osisko the diluted grades do to this narrow veins dropped grade by 3 gpt...that puts Barry at a 2 to 2.5 gpt underground operation wich like Moroy could be put on care and maintenance...there will be lots of eyes on the next resource and keep in mind they aren't the diluted grade...Barry next resource needs to come in a 7 plus gpt to have a chance...it's there in black and white...glta 
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