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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

Comment by fruitvale3067on Aug 23, 2022 7:45am
86 Views
Post# 34913469

RE:RE:RE:RE:Hey stupid

RE:RE:RE:RE:Hey stupidTannin, 3.5 years ago Bonterra shut down the Bachelor Lake mill. At that time they were doing 30,000 ounces per year. Since then all they have been doing is drilling the 3 known deposits plus a couple satellite deposits. It's going to be another 1-1.5 years before they can "hopefully" begin mining operations again. Here's my problem with the company.  In the 3.5 years since the mill shutdown they have went thru 3 management teams and when they do begin mining again they will be at the same 30,000 ounces/year as when they shut things down. Plus they need an additional 50 million in capital just to get things up and running. What make it's worse is the mining is going to be from a deposit they discovered just in the past year and bypasses the Barry underground which has had a entrance portal in place for years. Not to mention contains the most gold. Now we're being told the Barry underground is 3-5 years off. That is all that needs to be said here. 5 years ago when I told, the management team then stated they were looking at re-starting mining operation at Barry.  

3.5 years ago when Bonterra and Metanor merged the share proce was $3.60ca. Today it's down to 0.61ca. an 83% hair cut and falling. From here the share price would have to go up 500% just to get back to break even if you had shares since the merger. Not to mention youv'e suffered 225% increase in the number of shares issued since the merger. Yes, the junion sector has suffered. Some much worse then others. Guess where this one fits. All the while people here have been told to buy all the way down.Telll you what you take a puff and enjoy the summer, if you like where this is headed. It's just not a good operation and never will be. it has nothing to do with the market. Finally, is it a silly time to sell if this sinks to say .30ca? How about .20ca?
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