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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

Comment by CaseProdemoon Jul 30, 2023 8:48am
90 Views
Post# 35563641

RE:RE:RE:RE:RE:RE:RE:Time will tell

RE:RE:RE:RE:RE:RE:RE:Time will tellGiving up something to get a project off the ground is par for the course. The question is how much?
Another stock I own Highland copper just gave up 66% for $ 60 million to get the project permitted.
I think they gave up too much so I sold off half my shares and bought more Gold terra. GP is on an another level and would have never made that deal IMO. 
I agree Red free exploration drilling is welcome but they are not looking for gold on a sheer. If they run into gold it would be a huge surprise. It could happen but not very likely. Go back to the con mine deal and you can see what GP is willing to give up to get the biggest gold miner in the world on our side.
He lets them buy back 51% of their own gold for $30 per ounce and pay for all drilling times two get us our money back.  I am just saying WE have a CEO working for sharholder value!!! That is a much better deal than Highland copper just made. Our market cap would be well over 100 million today in any reasonable market. It's comming. How high it ends up being depends on our drill results and if the mine gets build
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