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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 Dec 17, 2022 9:45am
62 Views
Post# 35177494

RE:RE:RE:RE:RE:RE:RE:RE:Photos of Barry Veins

RE:RE:RE:RE:RE:RE:RE:RE:Photos of Barry VeinsSidebar, yes, it is a joint venture. So what? It's a JV on the what will be the 4th largest copper mine in the world. it's also joint venture with Rio Tinto and the Government of Mongolia, where the GOM gets 34% of the profits. Entree gets either 20-30% of the of the profits depending on the deposit/depth and Rio Tinto who gets the remaining 46-36% depending on deposit/depth. Plus Entree doesn't have to pay any up front costs nor do they have to mine or mill the ore. Just sit there and take in the revenues. Development and production costs come out of revenues. It will only take 2-3 years before payback is complete. After that it's all gravy. What exploration company wouldn't want that deal. Finally, all of the remaining exploration ground is on Entree's land package and Rio Tinto already has drills busy at several previous identified exploration targets. With Turquoise Hill now out of the picture do you really think Rio Tinto or another major doesn't want Entree portion of the deal? Rio Tinto could have this all to themselves if they take out Entree. Besides Rio Tinto already owns 15% of Entree Shares anyway. I purchased shares in the dark days of Oyu Tolgi. The GOM and Rio Tinto were at odds so I could acquire shares cheap. Now the GOM and Rio Tinto have settles the issues and the GOM approved starting the underground just 5 months ago. Since then Rio Tinto the operator of Oyu Tolgi made their move and first acquired Turquoise Hill which they owned 51% of. In the next 2-4 months the development tunnels will reach the Entree property line which includes a portion of panel 1 development and mining. At which point Entree will begin seeing some minor revenues. That timeframe is also when sustained underground production will begin. Now it's just my opinion and until it occurs it hasn't. However I think Rio Tinto wants only 2 parties associated with the mine and surrounding land package.. The GOM and Rio Tinto and the soon they can get it behind them the better. My thoughts are a takeout will occur sometime in the next 3-12 months. At what price is the question. Horizon Copper (majority owner 25%) Sandstorm Gold's new company thinks Entree is fairly valued at between $2-3/share (canadian) $1.50-$2.25(us). At $1.50 it gives me a 500% gain, $2.25 is a little over 700%. So we'll have to see how things progress. Yes It's not a profit or loss until you buy or sell. Yes, until a buyout or merger occurs it hasn't. However the same goes true for BTR and I'm more than happy with where I sit at the moment. In closing you say not to tell you about my win until I cash out, then in the same post you talk about Urban Barry having a $500 million a year profit if they follow your plan. I thought you said you didn't know anything about mining? Now you're telling mining companies how to mine? funny stuff.
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