GREY:TCEGF - Post by User
Post by
2investorknoton Dec 16, 2016 11:25am
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Post# 25610222
Yeah, I've been waiting but now it seems it will be 2017
Yeah, I've been waiting but now it seems it will be 2017 Too bad.... I just got an email from Resource Opportunities where they mention Terraco as being on of their current bargain juniors but also mention the following: Terraco also owns the advanced-stage Nutmeg Mountain gold project in western Idaho, a low-sulfidation epithermal hot springs-like system. Nutmeg Mountain hosts 864,000 ounces Measure and Indicated and another 84,000 ounces Inferred, all within 90 metres of surface. Possibilities being considered include further exploration drilling -- to identify a potential high-grade feeder system -- or completion of a PEA in 2017.
Completion of a PEA in 2017? The CEO earlier this year gave a presentation suggesting that the PEA would be finished over a month ago. I wonder what went wrong? He is not someone that normally pumps his company and makes claims that are unrealistic. The PEA is the only thing in the immediate future that will support the share price.
If Waterton does not put out anything by June 2017 in regards to Spring Valley, I believe investors start questioning their intent and thus the value of the project.
Lets hope for some good news in early 2017!
GLTA longs