OTCQX:GTGDF - Post by User
Post by
OgnyQ4on Jan 03, 2021 2:43pm
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Post# 32211942
if it looks like a duck...
if it looks like a duck... 1/ on 6 Jul 2020 GT Gold announces maiden Mineral Resource Estimate for Saddle North project. The spotlight was on the quantity not on the quality (Indicated Resource of 298 Mt grading 0.28% copper, 0.36 g/t gold , Inferred Resource of 543 Mt grading 0.25% copper, 0.31 g/t gold ). That raised the question about economic viability of the project. As a result, the doldrums began. ( SP decline from 2,15 to 1,15 for less than 4 months)
2/ K2 Principal Fund was the only one from the insiders trying to stop and reversed this trend. They bought, on the market, more than 2,2 million shares.
3/” @Redmetal They obviously missed the the other half of the North Deposit that was cut off by the Poelzer Fault when they drilled hole 138 (see page 13) https://www.gtgoldcorp.ca/_resources/presentations/GT-Gold-Corporate-Presentation-December-2020-v3.pdf. See page 11 for the Anomaly view https://www.gtgoldcorp.ca/_resources/presentations/GT-Gold-Presentation-March-2020.pdf. Dont think that K2 doesnt know this”
4/ “ @jcw604 @redmetal, do you think that they intentionally missed hole 138 in their metallurgical report to keep the share price low for Newmont's future takeover?”
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.