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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

Comment by Marleeon Dec 18, 2023 8:33am
109 Views
Post# 35789398

RE:RE:Valuation?

RE:RE:Valuation?

Thanks CP. very helpful.

I recall Gerald mentioning in an interview that he would need around $10mil to find 2 mil ounces under the con mine, which is $5 per ounce. That is accretive even at the current depressed valuation of roughly ~$10 and ounce.

The capital raises will likely come incrementally but I think he also mentioned that he'd like to do the next raise at the $0.20 level.

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