BonTerra Resources Inc V.BTR

Soprano, I will admit we have been wrong on one thing...

[fruitvale3067]

That is when the both of us expected this company to be mining. I think we chose 2023. Well that's not going to happen. I now think we are 3-4 year short...and that is of they can somehow find some financing. Which I don't believe thay can..at least not at these gold prices. 

Of all the things these so called bulls like to promote the one item they won't address is financing. They have been pinning their hopes on a buyout. Well you haven't heard much hype on the buyout lately have you. That because even they finally recognize it's not going to occur unless it's occurs at the very last minute. If it does then as we have said it's going to be cheaper then where the share price currently sits.

[tannin]

the first signal will be permitting of the mill expansion, followed by stock appreciation, followed, possibly, by a t/o offer. However, if no offer comes, given the backing btr has, it will get funding....though would not be pleased to see that happen at current prices. Captwhatever, says btr is currently valued at less than mill cost, and he's right.....alternatively, one could say it's

[fruitvale3067]

Tannin, just so I understand where your coming from. Your saying permitting the mill is the key that unlocks the value. So a currently permitted 800 TPD mill that can run right now if need be and isn't, is a hinderance to the companies current market value. Yet a permitted mill at 1800 TPD that isn't built will allow the share price to increase and possibly lead to a merge offer. 

[tannin]

Yes.

[tannin]

Seems obvious to me; been saying for two years. Hugely increases the value of the package, for osk or anyone else. Mill's still in the wrong da-ned place, but with 1800 tpd, av costs plummet. I wouldn't finance with 800 t/d mill, would with 1800 t/d.

[fruitvale3067]

In thats case then why not continue to complete the permitting for the 2400 TPD mill they had been working on for a couple years. If AV costs plummmet at 1800 TPD then they should further reduce at 2400 TPD. The company spent 2 years chasing (spending money) the permit only to change coarse and start all over again for 1800 TPD. In either case they are going to have to expand the tailings storage

[givemeabreak1]

Nonsense Those who keep saying market value for btr is less than the mill is just plain wrong!  Just ask the company!  Read the financials they give what they consider is the fair market value of mill and equipment and it is lower than the market value.

[tannin]

givemeabreak, financials surely show the depreciated value of the mill.......which would have nothing at all to do wtth 'fair' value', whatever you construe that term to mean.