GT Gold Corp. V.GTT

Valuation

[jandd]

This is one of the few discoveries this year (Newrange gold also) and me and my associates were loaded up prior to drilling - I have never seen drill results with lower assay results than the top-hole soil samples so with only the slight risk of some sort of glacial fluke this was a good spec.

I blew out half of my paper into the discovery so everything I am riding is more than free... But this board scares me as it is so optimisitic and busy. These days gold deals sell at about $50 mil CDN per million oz so we are already priced at 2 million oz which implies we need a fair amount of similar drill results to justify this price. There are also other risks which I will not discuss, but we just all have to tone things down a bit and watch this play out.

The above said - this discovery has big potential and with plenty more drill results before winter there will be plenty of fireworks. The best part of this is that this is exactly what the gold market needs - a new discovery to light some fireworks and bring attention to this battered sector.

I also dont mind chatter on other similar deals - I took a good look at KTO and it does look quite interesting. Best of luck to all longs!

JandD