GT Resources Inc V.GT

There is a new Noble Research Report

[Speedyg5344]

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[flashcash]

Valuation Summary Our price target is US$0.60 per share rounding to the nearest $0.05 increment. We value the company on an enterprise value/resources basis. Assuming the company is able to grow its indicated and inferred resources by 3.0x (up from 2.5x based on increased drilling) to 3,484,200 ounces based on the current drilling program that is fully funded, we estimate an enterprise

[Ensconsedsilver]

Looks rather low to me. No pump intended

[danale]

77cents based on value of LK only.  $4M for Canadian projects. Lots of upside Ascribing a value of C$4.0 million to projects outside of the LK Project, no debt, and forward estimated cash of ~C$19.4 million, we estimate an equity value of C$215.0 million, or ~C$0.77 per share

[Oilminerdeluxe]

Is drill news expected soon? To me, a cashed up company could drill like mad from now on .

[frankman]

Yes more results from Finland coning. New 17,500 meter step out infill drill program underway. Here are the initial first drill holes for Finland. Table 1: Initial Phase 2 Drill Results Zone Hole From  (m) To  (m) Width  (m) Pd_Eq  g/t* PGE g/t  (Pd+Pt+Au) Pd  g/t Pt