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Bullboard - Stock Discussion Forum 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... see more

TSXV:YGT - Post Discussion

Gold Terra Resource Corp > Time will tell
View:
Post by CaseProdemo on Jul 23, 2023 8:38pm

Time will tell

Time will tell how big this can get. We need 2 million ounces for GP to unleash his mining plans. The target is to mine around 120 000 ounces a year what will give him around 100 million Dollars to play with and build it out to something bigger.
It's simple LOL. Newmont might not wait and buys us out . That would be fine too.
Comment by red on Jul 24, 2023 7:38am
GP has a great deal with Newmont and he is prepared to take it all the way and we will stay with it as long as he is there at the helm, but will Newmont want to sit in the sidelines so to speak? he told us before they are with him every step of the way and work with him. They have spelt out what they want to see....but will it get that far before they see the writing on the wall? peronaly I ...more  
Comment by red on Jul 24, 2023 7:53am
This lithium prospect with Midas coincides with some other lithium prospects east of us at hidden lake ...rumours abound on that with preliminary work underway ....So the heat is on around YK with lithium ....check it out, ( just for clarity I am not in it)  just showing  it's getting serious out there ....https://loyallithium.com/hidden-lake-lithium-project/
Comment by geolith on Jul 24, 2023 9:08am
Gold Terra will benefit from any discoveries or development Midas does.  A free ride.  Excellent deal GP, with no downside.
Comment by red on Jul 24, 2023 10:16pm
All upside .... more potential for GP and Ygt with more holes in uncharted territory... laughing all the way to the bank on that deal. 
Comment by CaseProdemo on Jul 27, 2023 9:27am
Free upside is great but let us not forget this is years away from mining any lithium They have not drilled one hole yet and the market is not recognizing mining oportunities at this time.  It all adds up to long term investing in a project and management while we wait for the sentiment  to turn. When it does it will be fast and life changing if we are right for those that got in now. Or ...more  
Comment by red on Jul 30, 2023 7:54am
True ....I am a bit focused on when they do drill they may expose gold targets, which belong to YGT. any drilling done by others away from our known targets on this huge claim is added value to YGT....there may be a point in time when he has to give up some territory of this 800 sim claim as he and hopefully Newmont pin down the best potentials ...before that happens they are gonna want an idea ...more  
Comment by CaseProdemo on Jul 30, 2023 8:48am
Giving 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 ...more  
Comment by geolith on Jul 31, 2023 9:15am
Its not that Midas might stumble across gold, butbthey might find lithium or ree.  In that case, YGT gets 20% of what they find.  FWIW.
Comment by CaseProdemo on Jul 31, 2023 11:05am
That is true. They benifit from discoveries and lithium is the main focus. for our new partner. GP made a great deal we all agree. He now can keep his focus on the main menu. 2 million ounces and a plan to start mining.  Price always comes to value so that will sort itselve out as we go. Next results are hopfully the tipping point. This can not stay this cheap.
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