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Gold Terra Resource Corp V.YGT

Alternate Symbol(s):  YGTFF

Gold Terra Resource Corp. is a junior gold exploration company. The Company holds a portfolio of gold exploration assets in the mining jurisdictions of the Northwest Territories and New Brunswick. The Company’s Yellowknife Project (YP) encompasses about 918 square kilometers of contiguous land immediately north, south, and east of the City of Yellowknife in the Northwest Territories. The district-size property lies on the Yellowknife greenstone belt, covering nearly 70 kilometers (km) of strike length on the southern and northern extensions of the shear system that hosts the Con and Giant gold mines. YP is comprised of the Northbelt, Southbelt, Eastbelt and Quyta-Bell properties in the Northwest Territories as well as additional claims and property interests. Its Con Mine Option Property is located beside the City of Yellowknife and adjacent to its 100% owned Yellowknife City Gold Project in the Northwest Territories. It also holds the Mulligan gold project in New Brunswick.


TSXV:YGT - Post by User

Post by CaseProdemoon Nov 09, 2022 1:54pm
105 Views
Post# 35085962

Plan B

Plan BLet's play devils advocat. What if plan A does not work if he does not find enough high grade gold @ south Con to buy the mine. I think that has 25% odds at this point. Just a guess.
Plan B would look something like this.
Gerald plans to built a smaller mill north of town producing 100k ounces. That would give him a 12 year mine life with the current ounces in the ground. At the same time we keep looking for more high grade deposits north of town within 25 miles of the plant. That would still get us a 500 million dollar company  perhaps much more if he finds more ounces. Not bad for a 40 million dollar marketcap today. 

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