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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
Post by tomgraniteon Jun 19, 2018 4:57am
157 Views
Post# 28189945

$75mil spent, benefits of getting a mill

$75mil spent, benefits of getting a millBTR will be giving MTO shareholders around $75mil in stock. What are we getting in return?

1) A mill with permits. 

When Eagle Hill did a PEA on Windfall Lake, they used LPG as a source of fuel. This is due to the fact the cost of getting power lines run in was around $150mil. OSK have decided to truck their ore to a mill some distance away. 

The permitting process will be a lot shorter and BTR can take a bulk sample and have it processed at their own mill.

IIRC the cost of building a mill at Windfall was around $200mil. BTO's initial PEA will look a lot better with lower Capex.

2) BTR is also getting 3 deposits which can feed the mill before Gladiator goes in to production. I'm not sure how much free cash flow they will provide.

IMO it's a good deal for BTR but whether or not the market will like it in the short term is another matter.
Bullboard Posts