OTCQX:GTBAF - Post by User
Post by
Goaweighon Mar 02, 2021 11:13am
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Post# 32694739
So what's it going to take to get the stock back to $ 20
So what's it going to take to get the stock back to $ 20where it belongs ? It's a problem when you tell your audience that you won't have anything meaningful to report until year end. Investors can't wait a few weeks between assays without selling a stock down so how could they possibly wait a year without selling it down.
This is why I was hoping we might put out something on just a portion of the deposit, sooner than later. Not in stone just a prelim on a section by section basis. Like 250 meters X 400 meters deep.
Call it a creeping resource model if you want.
We are in the process of proving up a resource along 2500 meters of strike.
And we need something like 8,000,000 Oz. to satisfy the market.
2500 strike X 100 wide X 400 deep x 2.5 gravity x 1 gram and you get 8,000,000 Oz. exactly.
That gets us to our goal of proving a tier one asset and justifys a price of between $ 30 to $ 40.
So why not start building that value incrementally.
By producing Oz.'s in sections of 250 meters. Or as we've done so much drilling already maybe 3 or 4 sections now and add as we go along. I might be wrong but I think putting out a number like 2,000,000 + Oz. that is obviously economic and showing that it only occupys 20 to 25 % of strike will put a floor under the stock and as we add more blocks of 250 meters and add Oz.s the stock price should rise. In theory.
The current methology is to put out one large # at the end and hope the market reacts by doubling or tripling the stock price overnight and maybe starting a bidding war.
Don't know if that's likely either.
But I do think we have to do something to get the stock moving up, we need to start climbing the staircase instead of being stuck on the landing.
In cruder terms it's like going to see the strippers, when they had strippers, you don't want the chick to come out buck naked take a bow and leave. No you want her to take off her gloves, steel toed boots, socks, suspenders, wig, etc, you want the show for goodness sake.
I've been sitting here for 2 years and I just want to see a bit of ankle, is that asking too much ?