Watched latest Investor Update.......Aweful...
Here's what I heard.
Goldfileds and Osisko JV "COULD" benefit Bonterra. Mentioned it twice with emphasis on the word "COULD" the second time. Remember what I said about these gottcha words (Could, Maybe, Possibly, Potential). If you see them it means it hasn't happened and it's not guaranteed.
25% cost savings to truck Barry ore to the WIndfall mill instead of Bachelor Lake. As I said just a couple days ago. Barry ore will see the windfall mill before it sees the Bachelor Lake mill. Funny, at one time Bonterra management and the superbulls hear were talking about using the bachelor lake mill to process other peoples ore. Now Bonterra is looking into shipping Barry ore to the Windfall mill. More question from COMEX for the mill expansion and 3-6 months to answer them. Meaning, no mill expansion permits in 2023. My take from all this mill talk was the Bachelor Lake mill is history.
"MAY" have to look into mining Barry again. I doubt it will happen (see mill discussion above), but maybe the 3rd time is a charm.
My final thought is this investor update spent 90% of the time talking about the Osisko/GOldfield merger and what it "Could" bring to Bonterra. Which means they are hoping it's a lifevest to save them from drowning. Well it better happen quick because the clock is ticking and this company is running out of money. Again if the Duke drilling comes up empty, then it's exploratory drilling on untested areas. Not good. Either way a buyout is in the cards. The question is...is it 30 million or 300 million. Right now I favor it closer to the 30 million.