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BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

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

Bullboard Posts
Comment by tomgraniteon Feb 16, 2018 7:41am
150 Views
Post# 27570335

RE:RE:RE:we missing something?

RE:RE:RE:we missing something?Just a thought as to why they might be raising so much cash:

We know the plans for this year are to drill and produce a 43-101. Is it possible that they might be thinking of taking a bulk sample within the next 2 years? This could take time, as they will probably need to construct a declining ramp.

The bulk sample will be needed for a BFS or PFS. Dav said they were undertaking metallurgical tests on the core samples and this will also be required for a PEA/PFS.

So a rough timetable could be:

1) drill and 43-101 RE in 2018
2) PEA and more drilling in 2019
3) infill drilling and update RE 2020
4) Bulk sample 2020
5) BFS and in to production 2021

A takeout will happen before 2021, don't know when, but every step up until then will add value to the company and make it more of an attractive target for a major.
Bullboard Posts