Bonterra Resources share price

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BTR made a quick run recently from 30 cents/share to 47 cents.

Retreated to 34 cents, now through volume trading has regained back to 40 cents leading into thanksgiving weekend.

Two important factors to consider.

First, the inherent value in Gladiator, and the merger with Metanor Resources has not translated to the share price as yet.

Greg Gibson in the BTR Denver Gold Forum interview spoke of OSK and BTR working on south and north, with synergies toward the same goal.

A gold district.

Secondly, the updated resource estimate at gladiator is likely to released in the next couple of weeks.  This beautiful number does not have the pressure which OSK had when they released 2.9 million ounces mostly inferred.

The reason is, gladiator though completing 130000 m or more drilled contributing to this updated resource is far from the 600000 used toward OSK resource estimate.  So if gladiator initially comes out with 2 million ounces gold, that is great…need have overly high expectations of a number, just to be deflated by the market if not meeting such lofty heights.

Also, it is helpful to understand that MTO’s properties now under BTR’s wing.  This means shortly there may be an initial estimate for the Barry property underground.  They are going to do a 50000 t underground bulk sample at Barry which will provide detailed geological info regarding what lies under the open pit.

Interesting is in November OSK may provide an update to their resource at lynx, which would certainly have some of the inferred resource shift over to indicated.

The scene is being set up so that there will be a better window looking at it as an entire district, easier to visualize all the properties under one entity.

Keep in mind it has been stated that with the upgrade of the BTR Mill to 2400tpd, that it will be on a larger footprint, enabling even larger production capacity in the future.

Now that certainly says something.

Who here actually believes that OSK will go ahead with the $400 million capex and build their own mill when the option above is so enticing.  So whoever the owner, the future, of urban barry windfall is one of an emerging giant gold district.

BTR and OSK have suppressed share prices, with lots of space to more fairly represent their properties and BTR infrastructure.

This will not last long…

 

 

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  • Edit

    Standby for takeoff

    clear skies ahead.

    While on this journey be prepared for a staggering increase in the updated resource estimate at Gladiator...

    No that is not an extra zero at the end of the previous estimate.  Oh yes there  is...

    beginning with 2, ending with 0,

    only an extra digit this time.

    we are no longer 273000 ounces over 200x200m  ha ha...

    and do not worry.

    experienced pilots,

    smooth landing....

    we are now flying high above the clouds...

    pleasant journey.

    all dreams soon to be realized...

     

  • Edit

    The old gladiator resource estimate translated into a small bag of candy, not taking up much space.

    This time around will seem like a pillow case overflowing in comparison.

    tic toc tic toc, gladiator's updated resource estimate is coming in the form  of a giant block.

    this form of candy is in the form of Gold, and the updated Mill next year will pour gold bars.

    Sweeter than making chocolate.

    With that thought, we will have a solid # before the kids go to collect their Halloween candy...

    and more investors will follow this yellow brick road...

    3rd quarter 2019, working toward 100000 ounces / year

    then adding gladiator mid 2020...200000 ounces / year

    brick by brick

    gold that is....

    As Greg Gibson implied  in his BTR presentation at Denver Gold Forum.

    Where in the market will you find a story with this production, on this timeline, with such a small amount $$$ to invest toward production.  There is no other story like this...

    can you imagine producing 200000 ounces gold/year in 2 years from now for $55 million capex on BTR and the Mill upgrade,

    when its neighbour, OSK has a similar initial 200000 ounces / year production on a $400 million capex and 4-5 years before Mill built (if ever plan to be built) and ready for full production.

    So do you not feel BTR is in an unusual position?

    it will be mining gold bars in short mining time span for little $$$ compared to its peers.

    I smell SHARE PRICE RISING...

    $$$$$$$$$$$

    Again, urban barry windfall district will be the Gold story of 2019...

    And OSK will not be left behind...

    too much gold there too...

    more for the party....

    and all having common share backers...

    hmmm.

    one giant pie...

    cannot wait for my slice...

     

     

     

  • Edit

    OSk in the near future will be undertaking an extraordinarily long drill hole going deep.

    It is necessary to use a special drill to achieve this task.

    The district is going to get very interesting...

  • Edit

    By the end of next week or sooner, updated resource estimate for BTR  Gladiator deposit will be published

    for all to see.

    Great news on the way...

    At some point will be supplemented by info on Barry...

  • Edit

    All depends on all this paper not being thrown into the face of the marketplace... I still see an inevitable consolidation with nearly 400mm shares outstanding.

    After that I will be buying, great assets in the portfolio just need right share structure in this tough market.

  • Edit

    TheObserver, hope timing  works for you. It is important you are comfortable before jumping in.

    Do you believe with this inevitable consolidation with all this paper that the share price will plummet? or fall sharply?

    The updated resource estimate  at Gladiator is on tap.

    Good luck...

    I am in for the long term.

    Pretty rare to have this situation with a fast track to production with a relatively small capex...

    Greg Gibson had words to this effect recently...

  • Edit

    MKR is really putting the news out to support its findings...

    here are some latest outcrop photos...

    Maseres Outcrop Photographs

    October 15, 2018 / TheNewswire / Timmins, Ontario - Melkior Resources Inc. (“Melkior”) (TSXV:MKR) would like to provide the following update to the Maseres Project as there have been several requests for photographs of the area described in Melkiors News Release of October 5, 2018.
    Interested parties are invited to go to http://www.melkior.com/Maseres/MineralizedOutcrop to view a set of photographs taken while prospecting and sampling between October 2 and 7, 2018. All of the photographs presented depict bedrock and all of the photographs are restricted to the area described in Melkiors News Release of October 5, 2018.  The photographs are being released to substantiate and elaborate on statements made in Melkiors News Release of October 5, 2018.

     

  • Edit

    BTR spinout GTR Gatling Exploration Inc.  back up to 30 cents from 21 cents.

    Up 42% today...

    BTR ready to fire on all cylinders.

    Stay tuned for the updated  BTR  Gladiator resource estimate...

  • Edit

    There is the share structure theObserver was waiting for.

    A lot of good in this transaction.

    Including the fact the a large chunk of the $20 million is going through FT shares.

    Meaning is it highly advantageous for BTR in this friendly mining jurisdiction of Quebec.

    Lots of bang for the buck drilling.

    Translates into discovery exploration.

    More gold in the ground means greater inherent value.

    $$$$$$$$$$$$$$$$$...

    TSX is coming to town...

  • Edit

    An investor would be hard pressed to find another project anywhere of this scope and magnitude offering similar production within 2 years.  All at a $55 million capex.

    And once consolidation is complete the # of shares will be very nice.

    TSX, here we come...

    And with that and the new share price, will come the wave of brokers ready to do unleash the flood of investors with big $$$$$...

    Newsletter writers will come in to make urban barry windfall district the story of 2019...

    Updated resource estimate at Gladiator... and Barry...

    Be Ready...