OTCQX:GTGDF - Post by User
Post by
Biomed4077on Nov 06, 2018 3:53pm
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Post# 28933041
$ 6 soon...
$ 6 soon... Valuation will be dynamic – our C$6.00 target implies drilling success
Our sum-of-parts valuation of GTT is mainly based on our initial probability-weighted Saddle North resource estimate of 270mt at 0.7g/tAu & 0.4%Cu (~1.5g/tAuEq) for 6.6mozAu and 2.6blbs Cu / 12.8mozAuEq (includes some estimates for drill holes that are pending “with good visuals”). We use a scarcity premium EV/oz of $35/oz given: i) the high tonnage potential of the North Saddle discovery; ii) the high potential average grades (~1.5g/tAuEq); iii) excellent infrastructure; and iv) Tier 1 Canadian jurisdiction addresses. We expect our C$6.00 target....