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 > Up up .

<< Previous

Bullboard Posts

Next >>

Comment by fruitvale3067on Jul 30, 2022 5:35am

71 Views

Post# 34861898

RE:RE:RE:RE:RE:RE:Up up .

Tannin, Section 21-1's Title is "Initial Capital Costs" for the Barry Open pit. Initial to me means that's what you need to get it up and running. You subtracting out 21 million in cash flow before they even get up and running. Also, Btr may have many millions of cash currently (19 Million as of March 31). However they only had 9 million in operating cash . The remainder is flow thru shares dedicated to exploration only. Of that 9 million in operating cash they were burning thur it at a rate of approximately 3 million a quarter. So it's closer to 5-6 million by now.

<< Previous

Bullboard Posts

Next >>

Understanding tax loss season and the “Santa Claus rally”