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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

Post by idlefreebirdon Oct 16, 2022 8:13am
178 Views
Post# 35027508

Marc has the right frame of thought

Marc has the right frame of thoughtthat you can't dilute a company...Bontera had a history of doing so as it went from 390,000,000 shares to a 10-1 consolidation to 39,000,000,000 shares and back up to present 126,000,000 shares,,,he states no dilution wich is great but what the investor should understand that the 40 plus millio of debt will need to be paid back and at 30,000 ounce of production it will take years before he gets Barry underground up and running and even longer to get the ultimate goal of a combination of Barry and Gladiator ...the thought process is right but investors must see the time frame before value is created here ...the grounds are good but like our neighbour Osisko you need money to drill 1.7 million meters ..they were fortunate to raise money at $5 and $3.50 wich is less dilutive then .40 cents ...it will be good but years away...this is reality ..first pour still a year from now...glta

https://twitter.com/BonterraGold/status/1580940104746815488?s=20&t=JUraxz4HDdkuN0Qp8zL4fw
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