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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 Aug 10, 2023 11:36am
79 Views
Post# 35581822

RE:RE:RE:The rest of the Rick Rule

RE:RE:RE:The rest of the Rick Rule Captn, 

It doesn't matter what the POG was when Metanor was mining. Management then felt they understood the underground dynamics that they could mine it for a profit. In fact they closed down/walked away from mining the Open Pit at Barry to chase the high grade veins at Bachelor Lake. In the end it was the narrow veins and little to no Halo effect that did them in. To much dilution and or moving of waste rock that diluted the gold bearing ore. 

As for who'e running the show now, it doesn't matter if the CEO has experiece with narrow veins or not. He still have the same narrow veins and the same low halo effect where the waste rock and dilution will  increase costs. It's why Moroy and Bachelor Lake were sent to a watery grave. The new CEO couldn't do anything about those deposits to mine them for a profit. So he did the prudent thing and stripped all the equipment out of them and stopped pumping the water to keep them dry. As for Barry, well it has one thing in common with both previous and current management teams. That is they both walked away from it. The Barry underground is the same narrow vein low haloo effect veins taht are at Bachelor lake and moroy. Narrow veins that are seperated by 50 meters of low or no grade material. Meaning a big dilution issue. That's why they can't get any financing and why no one want to purchare the company. 



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