A comparison to Bontera could be the Atlantic goldbuyout..Atlantic gold had 2 million ounces and was in production at the time ST-Barbara purchased ...Atlantic had 4 pits wich were within a 100 klm distance...The initial production was at 80,000 ounces a year at a low AISC of $650 BUT NOW IS AROUND $900... THE BUYOUT PRICE WAS $800,000,000.00 WICH WOULD GIVE bONTERA AT 103,000,000 MILLION SHARES A BUYOUT PRICE OF $7.76 A SHARE...
NOW is there lots of gold in them there hills ....yes but you only get paid for what you found and in the M&I CATEGORIES...THAT'S Y OSISKO HAS 21 DRILLS HUMMING HE WANTS TO GET PAID...I WOULD LOVE TO SEE 21 DRILLS ON GLADIATOR BUT THAT WOULD COST US 300,000,000 MORE SHARE DILUTION.. GLTA P,S IT'S ALL ABOUT SHARE DILUTION THAT DETERMINES THE FINAL PAYOUT...