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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 Jun 15, 2023 7:43am
68 Views
Post# 35497571

RE:RE:RE:RE:RE:RE:RE:RE:RE:Trolls notwithstanding

RE:RE:RE:RE:RE:RE:RE:RE:RE:Trolls notwithstanding SIdebet, 

So your saying Entree and Erdene's share price should be higher because of the location, and BTR should be higher because of what? Location?

5 years ago, Metanor was mining ore unsuccessfully, they had over 1 billion shares due to continuous financings. Metanor and BTR merged, did 2, 10-1 reverse splits, and then there was 40 million shares priced at $3.60. Since that day of the merger the company ceased mining operations and began this multiyear drilling program to prove up multiple deposits with the goal of expanding the mill and becoming a profitable mining company. Fast forward to today. The company has 120 million shares (4 times as much from the merger), and the share price has fallen 90+%. They have went thru 3 different management teams, completely sealed off 2 of their deposits, cancelled mining operations on 2 others and aren't drilling on any of them. The mill expansion was planned for 2400 TPD, and is now reduced to 1800TPD, and they still don't have the permits. Now they are leasing the mill property to a company who's running an electrical line to a competitors mill. Theyare trying to clean up all the remaining soil in the mill to recover scraps of gold. Plus they only have a million or so in the bank and are 2 months late on a financing the CEO said they needed and the Board of directors each got a raise last year. Yet you think the share price is way to low. 

Well you were right many years ago when you said you didn't know anything about mining......You still don't. 
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