Peter Imhof
Bonterra Resources
BTR-X
HOLD
Jan 23, 2019
It looks interesting, but is too small for his funds. It has under-performed for the past few years. They are in the right place at the right time, but we need to see some good drill results soon.
Located in Québec. Have had early good exploration results. What they are drilling trends under a Lake so they will be doing some winter drilling program on the ice. There could be an economic deposit.
He likes their exploration results and suspects the whole sector will consolidate. Their exploration results look promising and good. It's a great place to be a goldminer, surrounded by good deposits. Problem is that managers are serial diluters, but you need money to drill/explore.
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