OTCQX:GTGDF - Post by User
Comment by
Goldnboy1on Oct 29, 2018 5:34pm
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Post# 28890663
RE:Target price $6!!!!!!
RE:Target price $6!!!!!!Wow! Awesome news!!
Quiet shareholder here riding some free shares. Really enjoying the ride!!
Just wanted to mention a laymen’s term understanding of the 900m of 1gpt.
Length x grade x commodity price.
When you apply this calculation to the GT Gold intercept. You come up with a value of roughly $36,000 as a “core value” I rounded to 1gpt.
Friday last week huge results came out in Sun Metals Corp. Stock is trading at just .25 a share (17.1 million market cap). Closed up on big volume today.
The current result is 36.5m of 7.80% Cu eq. For a core value of approximately $18,000.
I say current because their is a down hole intercept just a few meters after this strike that is pending. It is also about 25-35m wide. If they duplicate each other in the lower half of the hole. Then the code has a core value of $36,000. Same as GTT’s big discovery hole. Also if you dilute the non mineralized 5m. That could still be a 60-75m intercept of 7% copper equivalent. Which is a copper strike that would be heard around the world!!!
Can I remind you guys the market cap of Sun Metals is 17.1 million!!! Property already had 280 million pound inferred copper resource but intercepts are normally 4-6m wide. First time ever hitting a bulk underground width! 200 historic holes and 25 million spent looking... They may have finally found the motherlode of all Carbonate Skarn deposits at Stardust!!!
Not a spammer. Just a retail who likes to talk when he is super impressed! Fresh green returns here for all. Back the truck up with those gains on SUNM. Run has just begun!
In case you’re wondering, the GGI hole was worth about 9k and they rose that to how many hundreds of million market cap!? Copper inventory is at 5 year lows. Copper price making technical bounce. I see copper rising not on strong economic demand but inventory depletion. Couple a green six months in copper with a mega discovery and you have a recipe for riches!!