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Gold Terra Resource Corp V.YGT

Alternate Symbol(s):  YGTFF

Gold Terra Resource Corp. is a junior gold exploration company. It holds a portfolio of gold exploration assets in the mining jurisdictions of the Northwest Territories and New Brunswick. Its Yellowknife Project (YP) encompasses 918 square kilometers of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. The district-size property lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometers of strike length on the southern and northern extensions of the shear system that hosts the Con and Giant gold mines. YP comprises the Northbelt, Southbelt, Eastbelt and Quyta-Bell properties. Its Con Mine Option Property is located beside the City of Yellowknife and adjacent to its 100% owned Yellowknife City Gold Project in the Northwest Territories. It also holds the Mulligan gold project in New Brunswick. It is also focused on its drilling on the prolific Campbell Shear, where over 14 Moz of gold has been produced.


TSXV:YGT - Post by User

Post by CaseProdemoon Dec 08, 2023 10:36am
176 Views
Post# 35774813

Why majors do not care.

Why majors do not care.The majors do not care because they do not want to manage 50 mines mines that do 100k ounces each. It cost them much less to manage 10 mines that produce 500k each. 100k does not move the needle for them.
At the same time we are a perfect target for a mid tear producer and there are many more of those and they are looking .They will have to dig deep to make GP give it up like $100 per ounce in my opinion.
He is also not afraid to go it alone and make $600 per ounce. Like Red keeps saying It is all there. High grade in town accesable  and lots of unexplored high potential targets.District scale means over 15 million ounces. Or would you rather look for low grade huge deposits in the wilderness that never get build because it cost too much and gold needs to be at $3000 to be profitable. I can give you 10 juniors like that but there is only one of ours that has it all . We would still make money with $1200 Gold. You never own enough of a great project. Those that are in the trade know all this. That's why it is a no brainer.
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