BonTerra Resources Inc V.BTR

Alternate Symbol(s): BONXF

Metals & Mining Gold

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

BonTerra Resources Inc

Bullboard Posts

Post by Anacotton Sep 25, 2018 12:22pm

73 Views

Post# 28685237

RE Gladiator

Please only reply productive input. I set up an envelope calculation for Gladiator RE. This comprises a bit of contingency; however, increases certainty in terms of M&I. Units are expressed in average over all dimensions.

Length: 900m
Depth: 400m
Width: 40m
Au g/t: 7.5
Recovery rate: 90%
-------------------------
Moz Au 3.125
Metal value at spot US$1,200: US$3.75bn
Multiplier: 0.05 (Range of 0.05-0.1 is realistic)
Market value: US$187.5m
US$/oz Au: 60
New Bonterra Value per Share (only Gladiator): US$0.45 (187.5/417m o/s)
New Bonterra Value per Share (only Gladiator): CAD$0.58 (*1,3)
Premium: 50%

Opinions on it?

Cheers

Bullboard Posts

Debt-free cannabis company set for next stage of growth