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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 martin111on Jun 11, 2023 9:55pm
101 Views
Post# 35490950

RE:RE:PEA

RE:RE:PEANice DD? Anyone could have spent a few minutes reading that the PEA and see it was valued at 94 million at $1900oz for BTR on Sedar including you Fruitville  but you have failed to mention it for months conveniently to formulate your negative bias, it's there in plain site. M.A.P. has failed to articulate this to the market I believe.  Fruitville stated that PEA was before inflation started to ramp up but inflation peaked on July 2021 and the PEA was June 1/2021. Costs have come down since just look at the charts . The company had pivoted rightfully so away from the open pit concept , as instead of mining the open pit containing only 300k ounces as a cash flow generator for further exploration it was wiser to allocate precious capital to more exploration to drive  share price appreciation . With the Junior mining space sentiment at 15 year lows right now shares of many development/exploration companies are off 70-80%. Should they and others raised more capital two years ago at higher prices? , yes is the answer but that's hindsight. BTR had spent over $278 million investment into this camp, they have $120 tax credits permitted mill/tailings and over 3 million oz. OSK has a joint venture with GFI and still could buy BTR on its own, remember ( Gold Fields acquired 50% interest in the Partnership for an aggregate consideration of C$600 million in cash to Osisko. The Partnership Agreement also requires Gold Fields to sole fund up to C$75 million in contributions to the Partnership for regional exploration. Prior to the acquisition of the 50% Partnership interest by Gold Fields, Osisko had contributed to the Partnership the Property together with any claims, permits, leases, all other real property, personal property, contractual rights and other assets currently held or acquired for the benefit of the Property.Gold Fields acquired 50% interest in the Partnership for an aggregate consideration of C$600 million in cash to Osisko. The Partnership Agreement also requires Gold Fields to sole fund up to C$75 million in contributions to the Partnership for regional exploration and this is the GAME CHANGER!. Prior to the acquisition of the 50% Partnership interest by Gold Fields, Osisko had contributed to the Partnership the Property together with any claims, permits, leases, all other real property, personal property, contractual rights and other assets currently held or acquired for the benefit of the Property.or just GFI. A mid tier could also compete on buying this land package and use their capital to bring this into development and sell to GFI down the road. MAP has done the prudent thing to conserve capital and a piss poor job on communicating about where they are on capital, permitting and it's options. He maybe a good mine builder but a poor salesman. Again I don't know this is my humble opinion. You have only two sides of the spectrum Fruitville3067 who I have no idea why his sticks around for years while not owning a share and Sidebet who be men pumping this for years . 
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