OTCQX:GTBAF - Post by User
Comment by
Ivorygullon Dec 10, 2021 5:25pm
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Post# 34220483
RE:Fair deal versus fair value
RE:Fair deal versus fair valueI forgot to add that the fair value would have been the other parts of the layered cake and the side dish.
The inital maiden resource was only going to be on a tiny part of the top layer of the cake of the LP fault, ie down to 400 metres. CT always eluded the fact there were more layers.
Since the area is known for mining to great depths, that means there were at least two layers not valued, plus the Hinge/Limb side dishes were not valued, and in both cases it was shown they have gold in them and open at depth. It was also noted that grade was increasing at depth.
The 8.5M ozs is what analyts came up with in the part of the top layer that was being delineated by GBR, so we IMO, were given no credit for blue sky potential, or for the fact its known there is gold in the other layers and Hinge?Limb.