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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 19, 2022 5:11pm
68 Views
Post# 34972256

RE:Next PP

RE:Next PPPokin, just my 2 cents while you wait for an answer from Iluv. 1 combined or possibly 2 PP's in the future. The company will need financing for continued drilling. This will be in form of low through shares. I figure $10-15 million worth. The other financing will need to be for the mill completion and general corporate expenses. The hard part here is how much. If they only need $22 million to get everything paid for to start mining. Then you need more $$$ for general corporate expenses. Enough to get you to production and a little beyond. Just guessing another $10 million. SInce the construction decision isn't due until after the PFS is completed (end of year). The mill financing will be in Q1 2023. The timing of the drilling financing is up in the air. They could do it seperately or combine it with the Mill fInancing.  
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