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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 30, 2022 8:48pm
59 Views
Post# 34931251

RE:Seriously though

RE:Seriously though Thanks Pokin, unfortunaely I really wish i wasn't right on this call. As I've said all along I wish they were mining. However that is not the case. Years ago when it was Metanor, Eric Sprott was a major investor and his buddies were running the show. As I call it the "Good old Boys Club". They lined their pockets at the expense of the retail shareholder. It was one  the worst mananged mining company in Canada (and there are a lot of scumbag mining companies in Canada). Then Bonterra Bought out Metanor and this=ngs didn't change. Then Sprott moved on, Wexford stepped in and 3 management teams later they are finally talking about production. One day I hope I'm proved wrong however the trend of new lows continues (another today on the american exchanges).

The credit markets are tightening as interest rates rise. I have zero confidence that Wexford is going to bail Bonterra out until production. Sidebet is going to be proven wrong again. Which leaves either a stream/NSR or lots of new shares. The other issue I have is as I've also said before "it always cost more and takes longer" when it comes to mining. The next 3 months are critical as to wether Bonterra mines in 2023. The question is do they go for one big financing or try to spread it out over a couple, hoping the share price recovers. My guess is two seperate financings. With the main mining financing coming after the pre-feasibility study sometime early next year. Until then no buying for me. 

I'm much more confident in my Mongolia plays over the next 3-4 months then here. But that's just me. 
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