GT Resources Inc V.GT

LK Size

[IgnacioCashmere]

I like how Derrick & Neil have the courage to keep the size of the LK project small. The CAPEX is affordable, giving us more potential suitors. They have been transparent about this process of prepping the project for the eventual buyer who will take it to production. I was confused & a little upset last year when they made the PP last year, 100% of which is dedicated to Tyko. But it all makes sense now. They have carried the ball far enough on the Finland project, & the focus going forward will be the Ontarii project. I don't believe they will have enough cash to get a FS on the LK, but they may already know they don't need to, with talks with potential buyers. The big gains for our share price, if they come, are expanding Tyko. I can see LK being sold for around 200 M USD, giving us 0.67 a share.

[YetAnother1]

This is a spin I had not considered. Courage to keep the project small?

[IgnacioCashmere]

They could keep growing the CAPEX with more tons per day & bigger mill but the higher CAPEX goes the fewer players that can step in & buy it. 300-400 million CAPEX projects get bought out all the time, it is very doable. When you get to a billion, you have very parties able to turn a dime on that kind of investment & few are interested at ant price. That is the problem FPX & Canada