BonTerra Resources Inc V.BTR

Trying to figure out CONTENTS of PEA

[idlefreebird]

Looking at presentation and listening to Pascal's presentation here's what i'm coming up with...

Presentation has no more drilling at Moroy and Pascal mentions it's ready to start minning...Moroy and Bachelor have a combined 160,000 ounces in the M&I category at a combinrd grade of 5.5 gpt...The mil capacity of 800 tpd would give Bontera it's first 3 years of pouring gold at a 50,000 ounce a year and AISC should be lower as it's all onsite no long haulage and no initial need to spend the $20 million for road upgrade to mill...This move would buy time for Barry to get established and Gladiator before and would generate some cashflow to reduce the heavy dilution for mill upgrade...we will need money for infill drilling and feasibility study and underground infrastructure at Barry and Gladiator...but I believe this would be the best path for Bontera...time will tell ...glta

[heystupid]

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[ggrellette]

If this thesis does materializes then 5 bucks is still about 3 years away. If they do start producing then this stock will move in tandem to the POG. If Gold goes to $2300 or $2500 then this stock would move as long as they were still producing this then could have a shot a hitting the $5 dollar range.

[idlefreebird]

ggrelette , i've said it all along this company needs to put a production scenario out to the public before attention is given here and a share increase...our real production of 2400 tpd and 3 mines in production is 3-5 years away .but put the dore bars in the ears of the flock and they will come down as ravens...and when they hit i'll take my piece of the pie and fly like an eagle to the

[tannin]

Idlefb, like your idea, but......if BTR becomes a producer, don't we lose the considerable Quebec Govt recompense for each dollar we spend drilling ? And we've a lot more drilling to do...think infill on Glads for example.

[fruitvale3067]

Good point Tannin......What does it say when a gold mining company would rather leech off the government for credits rather than mine for profit. I think that pretty much says it all. 

[idlefreebird]

tannin, no as Gladiator and Barry are still exploration plays...

[fruitvale3067]

ggrellette, if the POG goes to $2300 or $2500 then there are much better producers to be invested in. 

[fruitvale3067]

Idle, Metanor only got 30,000 ounces from Bachelor lake in there best year. Not gonna even come close to 50K from Moroy and Bachelor combined. Go look at the last 4-6 quarters for Metanor. The AISC was aweful.

[heystupid]

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[idlefreebird]

fruit, i'm just going on there resource and as you can see level 11 and 14 would come into play..this is a new resource and the bulk sample proved that the Moroy or is feasible..therefore this is new headings and it looks to be solid...can they mine 800 tpd is a different question..but the ounces are there for a 3 year run...glta

[fruitvale3067]

Idle, while it is a new resource it is the same vein system as Bachelor Lake with similar grades. Therefor we have something to compare to previously. Yes you will have some additional working from the Bachelor lake veins but in general it's still only a marginall deposit.  

[idlefreebird]

fruit , totaly agree it's not blow your mind away deposit...i'm just looking at there simpliest way to get to some type of production scenario for a rerate before all major PP'S come into play...we need a production scenario for our best return here...Gladiator our flagship is many tears away..glta