BonTerra Resources Inc V.BTR

Bontera's plan is to drill Barry for 2023

[idlefreebird]

with new resource update coming end of 2023...this is mostly infill drilling therefore not looking for major increase in ounces but making a solid foundation..MAP states hoping for a 4.5 to 5 gpt resource or mining grade and to mine at 1,000 to 1,200 tpd for as he states a production of 50 to 60,000 ounces a year...now they will be raising cash even though they do have 10 million on hand but what would benefit them and  Osisko would be to get a toll milling agreement in place for the next year to  two years before Bontera is ready to produce and Osisko has there mill in place a win win for both companies ...the positive is inflation should come down in a year or two before all work is required for both mills..glta

[fruitvale3067]

Idle, the company is certanly in cost saving mode until the can figure out a way to production. The other issue management is trying to minimize shareholder dilution. Between Bonterra and Metanor they had a revolving door with doing financings over the years and shareholders were fed up with it. They have diluted shareholders over 200% since the merger,  have closed down 2 deposits and have

[idlefreebird]

good points fruit...ya kabosh that idea lol...glta

[fruitvale3067]

Idle, it's always more questions then answers with this company.  Without a merger, I don't see any other way of financing all the things the company needs to do without private placements (i.e more shareholder dilution) or another streaming deal. Plus I'm not sure they have the goods to get another streaming deal.  If the POG somehow gets to say $2200-2500 that may change