RE:3 Billion T of 0.98 g/t gold equivalentlong342 wrote: Thats $120 Billion gross value in CDN $'s. Market Cap of GTT is $ 145 million. Hang tight for more news from Dave and Hal.
Before you get too excited, have a look at NCP. They also had 'billions' in the ground and theirs was closer to the surface. Heck, the side of a mountain really, but if you can't open pit that low grade stuff, good luck with scraping any profits from mining it. Remember when they were called Prophecy Platinum (NKL) and traded around $5 on the discovery hype? 9c/sh today at the close, several years later. Make darn sure it is economic before you mortgage the house to invest in it.
That said, I've done no DD yet on GTT, so I could be totally out to lunch with the comparison. I'm just tossing this out there because I'm seeing a ton of pumping. I do love these small cap gold plays though, so I'll be digging into GTT on the weekend.
Yes, I've been loading on RISE, RNX and WM this month. I love the higher grade stuff as well. I'm also long KNT and ROXG. But I'm still looking for a couple more for diversification. GTT might be one of the two I'll add next week.
Cheers and good luck longs.