BonTerra Resources Inc V.BTR

Let's update what's been going on..

[idlefreebird]

Reality is the past drilling hasn't been awful but realy not overwelming ,Gladiator's last release of 7 holes has one decent hit but did hit structures but everyone knows that narrow vein drilling adds dilution , therefore 2 gpt over 2 meters doesn't cut the mustard.... I won't be like others that stated in May and in the previous years that Bontera will have 3 million ounces this year...I'm not a pumper but an investor...I will admit I made a bad investement with Bontera in 2018..

Now do I believe Bontera has a chance to return my losses ...yes

Timeframe... if we get taken out for $3.00 , sooner then later if not then I'm looking at a year plus...

Now when we look at this hostile takeover I'm assuming that this would be only by someone cocky enough to throw in a short order bid that lapse in such a short time to have anything done...and yes this would be Osisko's style as I've seen it first hand how they perform in there conferences...ask Tony Makutch when he took over Temex from them...John threatened to takeover Lakeshore...never happened..also Pascal sorta mentioned that after PP maybe they'll come back but maybe we can talk about a partenership and definetly it's for the mill..

Osisko sees that they could get this mill at 2400 tpd and as most mills have an excess capacity to run up the tonnage by 1,000 tpd...Lakeshore was prime as there 3,500 tpd capacity was ran up as high as 5,000 tpd... therefore even at 2,400  tpd at 9 gpt would give Osisko gold bars in short time at the sum of 253,000 ounces a year with room to grow and to own the whole camp...

Osisko sees that there power line hasn't even started and to get this up and running 2-3 year could be reality on power line alone ...

Bontera's production time is looking far away...as PEA fall 2021 and feasibility in 2022 and as Pascall stated in webinar Barry and Moroy would need 18 months to comercial production as narrow vein structures take time...so 2023-2024..

The PP is sad at these prices and hopefully we can get the stock up so next several PP's won't dilute us to much..

PP's for Mill expansion $40 million
PP's for Gladiator decline
PP's for more drilling

Upside we are one drill hole away from a BONANZA hole in exploration drilling and voila we are like GBR off to the moon and need not worry about anything..glta

[goldhappy]

I see a giant coming to gobble up everything. Right now the controllers likely have the power to thwart a hostile take over. The price of gold and mining costs equal profit...good profit for btr.  800 tpd @5 grams = 4000 grams about 128 oz per day conservative $1000 profit per oz is $128,000 a day 300 days full production $38 million dollars or 38 cents per share  That's

[bufordpusser]

yes, lets update shareholders. current deficit is 200+ million. Thats about 80,000 ounces to clean up the balance sheet. Now lets assume a profit of $500 per ounce.  400,000 ounces are now required to have a presentable balance sheet. The Barry deposit doesn't have 400,000 ounces.

[tannin]

Your are a pusser, buford, the balance sheet's clean, 1/2 million owed, that's it, and 15+ million of cash now.

[PeterThomas]

Good post.  I do think $3 is optimistic for next few months but possible later in 2021.   These grifters in charge need $2.30-2.50 and they will cheerfully agree.   The Company is worth $200M.  However, given the shareholder structure and ownership there is no interest in seeing it through.

[Newbern]

It makes no sense to me that OSK wouldn't be going after BTR. They need a mill. Maybe there is some bad blood between the companies. Personally, I would like to own some OSK shares if they purchased BTR. A combination of great resources and a permited mill would amount to a lot of refined gold. The issue with BTR is past poor management. I suspect BTR will sell for C$2 per share over the