RE:RE:RE:RE:GLAD TO HAVE JOINED THE GROUP
Yes SS, the 11 km mineralized trend has elephant-sized potential + last year they started to identify/confirm some of the better gold targets and their breadth. Better still, we now seem more able to know where to target (with the ZTEM data and the new technical leadership) – our new 3D interpretative model seems to be providing results. The later 2021 drilling results speak for themselves – they were on target (pun intended!)
HI – I empathize with your frustrations and comments regarding nickel / copper / gold – in essence a lack of focus; as well as wanting management to spend more and find the mineral resources more quickly – presumably you have been a SH for some time.
On the other hand, ‘it is what it is’ – today we have a MC of $10-12M and relative to our peers have very few shares out (~55-60M). If 2022 brings a strong continuation of the level of exploration performance we experienced late last year, FA will have positioned our SP to ‘blast off’ – and the SHs will be very happy for that. A higher SP also positions us to be able to raise required capital without over diluting the share base – FA knows that.
Obviously mineral exploration is ‘risky business’ – but we are now focused on Cliff-Miles, and late last year started to get some very good drill results, seemingly based on our enhanced knowledge and understanding of the ground. Yes, we should be excited about the Nickel potential too – but right now we are focused on the Gold/Copper – and FA said we need to be clearly focused.
FA appears to have thought this through, he speaks of seeking strategic partnership – I believe his performance over the years shows he minimizes risk and share dilution. Management owns a significant amount of our shares and that is good for all SHs.
I think FA also understands we need more definition of our mineral holdings before a partner will be interested. When do we get that definition? 2022? – it wouldn’t surprise me – I’m an optimist, but I also believe I’m a realist – understanding our property better, due to the ZTEM and our recently developed 3D model – I don’t think we are very far away.
In closing, and I expect why we’re all here, what do we each think will happen to our SP in 2022:
if our drilling doesn’t hit anything significant, it’ll probably go even lower (I’d probably buy more then – that’s what I did with QEX – I believe there is no doubt the minerals are in the ground, we just have to find them – if you don’t believe that, you shouldn’t be investing in the GT)
-- OR --
if we do strike some strong holes, coupled with our latest holes from last year, I believe our MC would explode: $40-50M = ~400% / $456M (GT Gold) = ~3,800%
I’m not saying our MC will go to $456M in 2022 – but what I am saying is that it could credibly start a ride like that this year – I do believe $10-12M is crazy low and an unbelievable buying opportunity, just based on what we know now!
IMHO DYODD