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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 fruitvale3067on Aug 10, 2023 11:36am
58 Views
Post# 35581822

RE:RE:RE:The rest of the Rick Rule

RE:RE:RE:The rest of the Rick Rule Captn, 

It doesn't matter what the POG was when Metanor was mining. Management then felt they understood the underground dynamics that they could mine it for a profit. In fact they closed down/walked away from mining the Open Pit at Barry to chase the high grade veins at Bachelor Lake. In the end it was the narrow veins and little to no Halo effect that did them in. To much dilution and or moving of waste rock that diluted the gold bearing ore. 

As for who'e running the show now, it doesn't matter if the CEO has experiece with narrow veins or not. He still have the same narrow veins and the same low halo effect where the waste rock and dilution will  increase costs. It's why Moroy and Bachelor Lake were sent to a watery grave. The new CEO couldn't do anything about those deposits to mine them for a profit. So he did the prudent thing and stripped all the equipment out of them and stopped pumping the water to keep them dry. As for Barry, well it has one thing in common with both previous and current management teams. That is they both walked away from it. The Barry underground is the same narrow vein low haloo effect veins taht are at Bachelor lake and moroy. Narrow veins that are seperated by 50 meters of low or no grade material. Meaning a big dilution issue. That's why they can't get any financing and why no one want to purchare the company. 



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