Gold Terra Resource Corp V.YGT

News out ….

[red]

And looks good .....September = new resource update .....will we have 2 million ? 

GP says....
".....where we are currently drilling at depth along the Campbell Shear south of the Con and on which an updated mineral resource estimate will be provided in September."

[Systemtogo]

Interesting that they've committed to the Sept timeframe. Some good results mixed in there with some not good holes. Not quite the grades I was hoping for. What are your thoughts?

[red]

In the north ...A bit focused on the new zones and good holes they do have and the fact they say those are open in all directions ... lots of potential yet - in my mind  I can say this much, in that I see a lot of heli activity over con south ..looks to me like they may have been moving a rig. But yesterday for the first tome I noticed the choppers heading back with side storage

[Tuckerthefox]

As long as they make the 2 mil oz we are good. TTF

[Crashtestdumby1]

I agree that Grald knows we need a good resource announcement ....... and we need to raise the 5 million for drilling this fall.  I don't think he would push the resource estimate up to September and be less than 2 million.  I think he pushed it to September because he knows it will help to raise money at a greater share price.  I agree its a good sign. I bought more last week

[Systemtogo]

I've been of the view that we'd be looking at about 800k in additional resources for this estimate and not 2 mil on top of the 1.2 we already have inferred. So, total would be about 2 mil oz including Sam Otto, Crestaurum area... correct?

[Crashtestdumby1]

I wonder if we can use the 600k inferred left over from the Con when they left too?  I maybe am too optimistic but if they can use that too then it could be an extra 2 million? We have done alot of driling since 1.2 million update.  I am just guessing though and would defer to a more informed opinion ha-ha.

[Tuckerthefox]

I believe so.

[red]

Not sure if it's something that I asked Gerald or if he said in in an interview or possibly Geo or some one else indicated, but as I understand YGT needs to advance on the optioned con property and do some technical work to be able to include what's existing left over so to speak at con. I am sure he has ways to frame it such that as soon as he does that we hold those additional oz. I am

[Systemtogo]

If he's right about September then we're possibly only days or weeks away from finally knowing and if Gerald keeps to his word as to his expectations.

[Systemtogo]

I should say I'm super impressed at how they've managed to preserve their cash to hold out until they raise some more capital. I hope they hire some help for PR when they release their resource. Gerald has done a great job with interviews but they really need to step up their game to get the story out there once we have some good oz under our belt.

[red]

Well Sys, he said sept and I don't doubt it's what he is gonna do. I think previously he said fourth quarter resource update ....he has moved it up a notch and will get us info in third quarter, which tell us he has enough confidence is something to do that. What could that be ? I figure More gold forsure, as that is his goal to build shareholder value with resource to back it.....and

[Systemtogo]

Holding junior explorers like this can be a long ride. I bought shortly after I heard Panneton had joined in 2019. In Aug 2020 I debated selling my shares for a reasonable profit but decided I was going to be in this for the long haul like I was in Detour. I was lucky enough to be an OG investor in Detour around 2007. Unfortunately, I didn't make as much on that stock as I could have but that&

[red]

Kinda speaks to Gerald's understanding of what helps his program with his mgt team that he has brought with him and continues to build, he often seeaks about them in his interviews. He is clear it's not all about him and he is not adversely opposed to share. as he builds oz so he builds his team, both look great now and I expect that trend to continue. Clearly we are far better than

[Systemtogo]

I dont see how there's really any possible way we can lose at this valuation unless we fall flat on our faces in building those oz on this upcoming estimate. We have a few good prospects to turn to for capital and a good partner in Newmont. We have a lot of outs here if things get ugly but I highly doubt they will. Anyway, it's all talk until we see those oz on paper.

[red]

Odds are heavily in our favour, quite frankly GP did not commit to a September resource update on a whim. He must have now enough to warrant a 3rd quarter update vs his original statement of a planned 4th quarter update. And given he is drilling and looking for more money he is not doing that cause he thinks he does not have oz .... he know what he has got and enough to satisfy additional