Skip to content

Tag: Bonterra Resources Ltd.

Red Cloud | redcloudfs.com

Bonterra Resource Ltd. (TSXV:BTR) – Back to Basics

Impact: Positive

We had the opportunity to visit Bonterra’s (TSXV:BTR) Urban-Barry and Bachelor properties in Quebec. With operations now suspended, the company is laying the groundwork for building a larger and more robust gold mining business with the aim of ramping-up to >150Koz/year gold production on the back of its Gladiator, Barry and Moroy deposits and an expanded Bachelor mill. We believe Bonterra can create value as it drills aggressively and hits permitting and engineering milestones.

Read More »
Red Cloud | redcloudfs.com

Bonterra Resource Ltd. (TSXV:BTR) – Drilling Continues to Expand Gladiator

Impact: Mildly Positive

Results from Bonterra’s ongoing drilling program demonstrate the significant expansion potential of this deposit, beyond the ~2Moz that we believe already exists. With a mill in-place and a basket of growing deposits, we believe the company is likely to be the first company in production in the rapidly growing Urban-Barry camp.

Read More »
Red Cloud | redcloudfs.com

Bonterra Resource Ltd. (TSXV:BTR) – Moving Ahead in the Urban Barry Camp

Impact: Neutral

Moving Ahead in the Urban Barry Camp Bonterra is continuing to advance towards a company-wide mineral resource estimate encompassing its Gladiator, Barry and Moroy deposits. The company will move all three projects ahead simultaneously in the aim of creating a development plan which incorporates the company’s nearby Urban Barry Mill. We believe Bonterra could uncover large high-grade system at Gladiator which alongside Moroy and Barry, underpins the company’s ~190koz/year production potential by 2020E.

Read More »
Red Cloud | redcloudfs.com

Bonterra Resource Ltd. (TSXV:BTR) – JV Unleashes Gladiators Full Potential

Impact: Positive

Bonterra has provided an exploration update on its Gladiator deposit following its Duke JV, where the company highlighted two new zones along strike from the current deposit. Results support our theory of a large high-grade system at Gladiator, which underpins the company’s ~190koz/year production potential by 2020E, with the addition of the nearby Moroy and Barry deposits.

Read More »
Red Cloud | redcloudfs.com

Bonterra Resource Ltd. (TSXV:BTR) – Gladiator Resource Update Coming in the Next Month

Impact: Potentially Positive

Bonterra Resources announced that it plans to release an updated Gladiator resource in November. In our view, this should be a material catalyst for Bonterra, as the company’s resource base is expected to significantly increase with this update. We believe Bonterra trades at a discount to peers, suggesting that the addition of new ounces with this update should drive the share price materially higher.

Read More »
Red Cloud | redcloudfs.com

Bonterra Resource Ltd. (TSXV:BTR) – “1 + 1 =3”: Bonterra Completes Metanor Merger

Impact: Positive

The gold mining industry is notorious for dilutive mergers and destroying shareholder value. However, (too) rarely, a transaction occurs which actually makes complete and obvious sense and creates synergistic value. We believe that the merger of Bonterra and Metanor is one of those smart transactions and that “New” Bonterra will be a very attractive investment vehicle with plenty of news flow to attract attention from the market. We also expect the deal digestion to be relatively short and painless given the low complexity of the assets and obvious synergies between the two companies as detailed in this report. Another plus is that we estimate that the new company trades at a substantial discount to its peers as well.

Read More »
Red Cloud | redcloudfs.com

Bonterra Resources Inc. (TSXV:BTR); Metanor Resources Inc. (TSXV:MTO) – BTR to Acquire MTO; Only One Interloper Possible

Impact: Positive

Bonterra Resources has announced that the company has entered into a binding letter of intent to acquire Metanor Resources for ~C$0.73/share in an all share transaction (1.6039 Bonterra shares for each Metanor share), representing a 30% premium to Friday’s close and an aggregate transaction value of C$78 million on a fully diluted in-the-money basis. Prior to completion of the acquisition, Bonterra is to spin out its Larder Lake assets in Ontario with C$7M in cash to create a new gold explorer for its shareholders. The proposed acquisition should create a new advanced Canadian gold explorer and developer focused on the Urban-Barry Gold Camp.

Read More »

Couldn't find what you're looking for? Search here