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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 Nov 22, 2022 9:50pm
52 Views
Post# 35120647

RE:RE:RE:And why

RE:RE:RE:And whyTranslator, you don't need to be a rocket scientist to figure out AISC costs were going to be higher from 6 months ago. Knowing something about mining may help. Again these deposits were already high cost to produce just from previous mining. When mining was a lot cheaper then it is now. Just go back and look at the numbers. Also remember Metanor walked away from the Barry open pit to chase after the high grade ore at Bachelor Lake. In the final few quarters of Bachelor Lakes production I calculated Metanor's AISC in the neighborhood of $2200-$2400/ounce. Plus that was ore from directly below the mill. If the AISC for the PFS is coming in higher you can kiss money to develop the Barry underground goodbye. 

Also, remember MAP has already said the Barry underground was going to cost more to produce then the Barry open pit. 

Finally, many are saying the world economy is going to be worst in 2023. 


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