BonTerra Resources Inc V.BTR

They used $1,600.00 US Gold...VS....$1300.00 US Gold

[Digger0144]

Talk about disappointing...resource update that is.

They used a gold price of $1,600.00 US as a basis for the new resource rather then the $1,300.00 US they used back in 2019...hardly a fair comparison....because of this they were able to lower the cut off grade which means they could add ounces easily and "dress up" the report.

I would of liked to see two columns namely ounces at $1,300.00 and $1,600.00.

Pascal answered a participants question to such and said that we used the same as our peers...nice try Pascal.  You dressed it up...clearly.  He also mentioned that half of the ounces added were related to drilling and the other half, the increase in the gold price...not a high standard to be sure...he has mentioned on many occassions that  "he likes to be conservative"...obviously not on this one...it would not be market friendly...hence the lack lustre market response.

I may have to rethink this investment...not sure if I am going to stick around.

Also when questioned about the strategic review committee he was caught off guard...no buyout coming anytime soon...scrap that!

All the best!
Digger0144

P.S.  Idlefreebird is correct.. significant share capital dilution coming,
         they are burning through two million dollars per month  just on
         drilling and will continue for the next 18-24 months.

[tannin]

thanks Digger. The close was 'interesting' btw ...suggests sp totally subject to the interests of the 60% ( bigboys )..they decide...nicely done by the way. Lots of value here so i'm sticking. We'll be getting the Gladiator drilling/results which will be way more interesting, and hopefully a final approval from Quebec for the expansion....and that approval imo is worth serious

[idlefreebird]

Digger , my advice if you aren't hurting that much on this one ...yes leave ... we got a long road here...i got caught at $2.78 and haven't bought since ...soaked $200,000.00 into this puppy and i'll just let it sit till even then run for the doors...KL sucked me in here but when I look at there investements in here and Novo and Melkior there record isn't real good and keep in mind

[Digger0144]

Hey idlefreebird... Wow! $200,000.00. I bought BTR in March, 2021 @ $1.15 I just do not like the fact that they used $1,600.00 US...if the market accepts it and the share price has a little run here...fine...I will make my decision accordingly...but...if they read it like I do...we may have some downside. The close was interesting...they may chase this one higher over the next couple of

[Digger0144]

Due to the fact that they used $1,600.00 US for their resource estimate I do not believe any entity would touch it at this time. Buyout possiblity...very much in doubt! They will be walking a fine line if gold decides to move lower in the near term.

[idlefreebird]

digger , ya just listened to webinar and they are saying 50 % increase due to lower cut off grades...so many better investements out there ..250 to 300 million shares by the time this is in production.. glta

[idlefreebird]

ya , luckily at same time i put double that in Victoria at .42 cents after share consolidation $6.00 and same in Marathon gold at $1.03 .. so this is my dud as you can see my frustration...oh well you can't win them all lol..gltu

[fruitvale3067]

Digger , my advice if you aren't hurting that much on this one ...yes leave ... we got a long road here...i got caught at $2.78 and haven't bought since ...soaked $200,000.00 into this puppy and i'll just let it sit till even then run for the doors...KL sucked me in here but when I look at there investements in here and Novo and Melkior there record isn't real good and keep in mind

[tannin]

On the same page, this has been a fricking disaster...eating 50k of my hardearned. Have done v well with Skeena, and ok with Sabina. The value here is in Gladiator, where Pacall/wexfrick are spending the least money. Crazy.

[tannin]

these clowns promised to mine Gladiator to feed MTR's small mill..a great plan..small capex, easily doable..and highly profitable. Now 3 times shares out, need much more money to complete, and still the plan is for Glads to supply over 50% of enlarged mill. Wtf are these clowns smoking. If Pascall thought the latest news would bring smiles to this shareholder, he's very very wrong.