RE:RE:Could the H2 gladiator Resource be ~ to 2.5m inferred oz's?Prior to the merger, I felt that the number of ounces in the upcoming RE was the be all and end all turning point for Bonterra. Seeing the production timeline for the 3 deposits the size of the upcoming RE does not seem so important. Whether it is 1mil or 3mil, they will still be producing 85k ozs p.a. starting Q3 2020.
They will continue proving up more ounces and with Barry being drilled extensively below 300m the number of ounces will increase in future years.
The value for us shareholders will come from the fact that we will be in production in less than a year. The Gladiator development ($15mil) could be funded by Moroy's and Barry's initial production. That means they only need to find $40mil.