OTCQX:GTBAF - Post by User
Comment by
captainpooby1on Dec 12, 2019 10:38am
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Post# 30447559
RE:Meeting...
RE:Meeting...Lookingforclues wrote: Brief synopsis of the 'Meeting' please.
Anything of interest? Ty
Taken from CEO:
The AGM attendance was small(10-15 persons) but a very positive atmosphere. CT indicated that a resource could be available in mid-2020 at the earliest to early 2021 at the latest. Assay lab turnaround time is now 10 days. CT was asked if offered $15/share today would he take it.....NO. In future any funds if required, would probably come from a strategic investor.
AGM: Three geologists from Vancouver have moved to Red Lake and bought a house. Chris believes there is a 50 -60 year mine life asset and he is determined to prove it. Timing of resource estimate depends on drill spacing necessary to be 43 - 101 compliant: 150 metre spacing means MRE will be spring 2020, 100 metre spacing fall 2020, and 50 metre spacing means 2021. Metallurgical testing is in process. The guy they hired from Teck who does relations with whales is very impressed by the drilling operation, says it looks like how a senior producer does it: normally juniors are cutting corners to save costs. Data integrity is very solid. Chris said there are friends who are not management and not official insiders who have enough shares to stop a premature godfather bid. I heard everything I wanted to hear and more.