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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 Sep 15, 2022 12:29am
84 Views
Post# 34963570

RE:RE:RE:MAP shines at Beaver Creek

RE:RE:RE:MAP shines at Beaver CreekJust finished watching the Beaver Creek Presentation. 2026 for the Barry underground and 5-8 years for Gladiator. Which means 8 years or 2030. Lets see Iluv that would make your "Investment" timeline 14 years. LOL. I also heard a 5-1 strip ratio. Meaning they have 5 times as much non-economical dirt to economical. One thing he did not mention was how he was going to pay for getting things to production. Finally, the decision to actually do the open pit hasn't been made yet according to the chart. The construction decision will come after the Pre-feasibility study is completed. Which is due by the end of the year. So your financing should come after that.  

Overall, nothing new or exciting generated from my point of view that would make me want to start a position. I agree with IKN, shareholder dilution is on the way, but then again I've been saying that for some time now. As I see it your still 15 months from production and according to the schedule they are going to get started in the dead of winter late 2023. Should be interesting and sice it always takes longer and costs more when it comes to mining if I had to guess spring or summer of 2024.

 


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