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Bullboard - Stock Discussion Forum BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a... see more

TSXV:BTR - Post Discussion

BonTerra Resources Inc > Fruits does try and keep sidebet from being too absurd....
View:
Post by tannin on Jun 11, 2023 11:57pm

Fruits does try and keep sidebet from being too absurd....

but fruits is as negatively wrong as sidebet is positively wrong.
BTR has strong financial backing, so OSK, or others, can never pick it up for pennies.
Inflation makes mill/tailings pond more valuable, and, imo, was not primary reason for not going ahead with project. There was a real labour shortage in the area, and diesel was way high......diesel now much lower, can't speak to labour. 
But, also think, benefit of project looked less interesting, almost a distraction from bigger things.....thus really another change in company direction, thinking.
Permits for mill/tailings expansion coming, hopefully, this year..
Electricity coming to Barry deposits...and Gladiator.
Rent coming in from Electricity contractors renting camp.
Several million $$, minimum, will be realized from mill cleaning
OSK right next door.


Comment by fruitvale3067 on Jun 12, 2023 8:18am
Tannin, tailings ponds do not make a company move valuable. They contain hazardous chemicals that are used in the processing of ore. They are a necessity of mining but they are a huge liability. See attached link.  https://www.bbc.com/news/business-55924743 I've been involved in 2 tailings pond remediation projects over my career. One is still ongoing and still has another 5-10 years ...more  
Comment by fruitvale3067 on Jun 12, 2023 8:41am
Tannin, one final comment. If BTR is cleaning out the mill looking for revenue 4 years after it has stopped running and they are renting out mill land to an electrical contractor to run power to a competitors mill they do not have strong finacial backing. Electricity is not going to Barry and Gladiator either..... it is going to Windfall. Someone is going to have to get it to Barry and Gladiator. ...more  
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