'visually estimated mineralized zones'Like everyone else, the grades and widths of the shallow RC holes blew my mind. But what convinced me to buy 60k of stock today was the cross section slide of the holes, and what they believe they SEE in the diamond drill cores. Look at those red lines!...this is just what they see. I can already visualize a structure to this deposit.
https://www.gtgoldcorp.ca/_resources/Saddle-South-Drilling-Cross-Section.JPG
Yep, this stock could retrace a lot, I have no idea. The shares I bought today are already down 6%, maybe they will go down another 30%, all I know is I wanted the shares, and they could just as easily gone up another 20-50%, maybe tomorrow, who knows. I'm not really worried because I look at market cap, and it's still just 58 million. The unbelieveable surface samples that guided the drilling remind me of Aurelian, they scatched the surface, Eureka, then drilled the holes, a monster beneath....but sadly, born in a cage in Equador and we all know how that turned out, the gold's still in the cage. BC might not be the most pro-mining Canadian province, but the Pretium gold is out of the cage and about to start generating some serious cash flow. If mineable gold is there, THEY CAN AND WILL COME....the market cap of Pretium is 2.25 billion, 38X the current cap of GTT. Long way to go to prove up the onces of PVG, but with the holes to date, GTT might be able to expedite a seductive IRR open pit cash cow and fund further resouce expansion with that. Maybe an ancient volcano belched out a single contained minealised flow, the GTT team already found it, that's it, a lucky but limited strike...maybe there was much more volcanic activity and the mineralized flows were systemic, ran amuk all over the place. We'll see.
I agree witht he poster who said these kinds of discoveries are rare. I'm pretty confident the market cap can multiply by four with some more good news, at least. Some day, it might even become known as Pretium Squared.
Best to all longs,
Poet