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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 21, 2022 10:28am
58 Views
Post# 34976232

RE:For 7 years Bontera has been pumped as a buy

RE:For 7 years Bontera has been pumped as a buyIdle, while I agree it appears as though this company MAY finally turning the corner. The proof is in the pudding as they say. At least for me I need to see some actual sustained profitable production, and BTR is still a ways from doing that. Presentations are fine, however they are made up to present the best possible scenerio. There have been dozens of presentations from Bonterra over the years and none of them have come to fruition. These deposits (other than Gladiator) have been a huge disappointment ever since they started mining them some 15 years ago. Yes, the price of gold is higher, but so are costs to produce. Is MAP the guy? Possibly, A clear plan going forward...appears so. However we really won't know until the financials prove it. You can have all the feasability studies, PEA's, 43-101's saying it's profitable but it's the financials that actually prove the concept. The mining industry is littered with companies that can't make a profit when the paperwork said they could. The previous 2 compamies that owned Barry open pit and Bachelor Lake couldn't do it. Hopefully the 3rd time is a charm. 
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