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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 awacs1on Oct 05, 2019 7:26pm
171 Views
Post# 30200408

Confused

Confused

I have followed and been in and out of BTR for a few years. Having reviewed the company documents again, I am at a loss to determine their short term plan and no idea on the long term plan.
When they undertook to upgrade the mill, I expect that they would produce a time line for production at Moroy, Barry or Galdiator. But they demonstrated the capability then mothballed it!? Is there no one in the area who wants some custom milling?
Management has too many properties to service. We need some focus and a clear commitment to bring at least one property on line. The UG grades so far are similar to Holt complex operated by KL but do not have the compelling return of other properties and they have significant royalties in place. 
What am I missing from this picture? Why should I get back in?

Bullboard Posts