BonTerra Resources Inc V.BTR

PEA

[martin111]

After-tax NPV at 5% discount rate of $48 million at $US 1600/oz increasing at US$1900 after tax IRR $43%

-Initial capital cost of $22 million
-Substaining LOM capital cost of $21.3 million
-total mill feed of 2.0Mt at 2.36 g/t Au
-LOM average annual gold production of 30Koz
-LOM strip ratio of 5.4:1
LOM total production of 145.1 Koz(95% recovery)
LOM cash costs of $1252oz (US$939/oz)
LOM AISC of $C1420/oz (US$1065/oz)

So this was the open pit idea they cancelled because of escalating costs and inflation and to look at other options. So many thoughts on this company and the opportunity if they got capital. I see Gold Fields eating them up soon, $120 million just in Tax credits that they can use against Windfall. Ad in 3.1 million ozs that they can economically extract and a mill and land package, very easy to sell to thier shareholders. Cheap investment to the one they just made. There is a lot more gold they will discover with the 75 million they are investing in exploration. BTR just needs to sit and conserve capital and keep MAP off any promotions, and let Caesar do the talking, MAP sticks with planning.

[fruitvale3067]

Martin, nice DD. If only we can get sidebet to do such things before he shoots his mouth off. The problem with the PEA is it was completed before inflation and high interest rates hit.  The two most interesting numbers on the PEA is Initial Capital costs and Strip ratio. The 22 million included the mill upgrade. Which as we all know has changes from 2400 TPD to 1800. Meaning there is no

[sidebet2]

Martin, you can see that Fruit now sees the plan and it does not include him, or does it ? ..hahaha... yeehaw for a permitted mill in the next great canadian gold camp..  Investing going to pay off big time, Fruits method ? ..not so much, buy high sell low ..hahaha ..his mantra ..

[martin111]

Nice DD? Anyone could have spent a few minutes reading that the PEA and see it was valued at 94 million at $1900oz for BTR on Sedar including you Fruitville  but you have failed to mention it for months conveniently to formulate your negative bias, it's there in plain site. M.A.P. has failed to articulate this to the market I believe.  Fruitville stated that PEA was before inflation

[fruitvale3067]

Martin111, Inflation did not peak in July 2021. Here is a month by month inflation rate link.  https://www.multpl.com/inflation/table/by-month As you can see Inflation peaked in June 2022, not 2021 as you claim and a year after the PEA was published. A As far as my negative bias, sorry. Now, what on earth has either Metanor done before the merger and BTR after the merger that gives anyone

[martin111]

Well here in my Canada inflation chart showing inflation coming down, from its peak in July 2022. This is the PEA that you insist is unprofitable that you consider garbage and is without capital. We all know Metanor and its management was a disaster, but tax credits are tax credits, a tangible mill/tailing facility , upcoming 1800 ton permitting and ozs in the ground to those what have capital is

[fruitvale3067]

Martin, do you know how to interperate the inflation data? In June of 2022 the cost for goods was 9.0% higher. Today in June 2023 Infltion is 5.25%. That means in June 2022 the price of goods went up  9% from the year previous (June 2021), Which means the price of goods has went up and additional 5.25% in June 2023 from where it was in June of 2022. So the price of goods is still going up

[sidebet2]

Now Fruit is a self taught economist. Wow !! ..a long way from just a guy who says he closes mines for a living. Fruit can be anything it seems, but an investor. His lack of skill has him going to the casino and like a casino, the stock market being treated with the same psyche will leave you broke every time. So far Fruit has admited to loses on the Urban Barry mill, when it was Metanor. Then he