Gold Terra Resource Corp V.YGT

Estimates

[Systemtogo]

We could potentially just be a few weeks away from our resource estimate. Any estimates based on results so far? I know we still have some MP results to come in. As I mentioned in the discord group, I believe we're sitting on these results which are likely to be quite good and to be released for a big push when our estimate comes out. Either way, should be an interesting couple months to come.

[red]

True we are waiting on some results and I agree potential structured update could be eminent ... GP has to be looking for money and he will get it with some more good news. 

[Systemtogo]

They had about 2 mil in cash at the end of May. They just resumed drilling and only have one rig turning but even so, they probably only have a matter of 2 or 3 months left before they're running on fumes. So yes, they will need a big push soon to be in an ideal state to raise capital and not be so dilutive. This could also be decent timing as the crash has stalled and we appear to be in a

[red]

It would be a good time for GP to get some news out ...as we know he has things to report vs just his progress on drilling and finding ....agreed on the anomaly that the market appears to be be in. Gonna be an interesting next couple of months. 

[Systemtogo]

I bet we're sitting on some amazing MP results and around the time of the resource we're going to see the remaining holes released. Them sitting on the results until then only makes sense if the results will be positive as our main focus is to inflate the share price to raise some much needed capital for 2023. As GP said, he intends on doing a lot of press around this time to help the

[red]

Totally agree on your  post and thinking. 

[geolith]

Joe's a very experienced technical guy and likely knows to the second decimal place what we have. Actual resource estimates are expensive in time and perception, and might not be a good idea IF we're building ounces quickly. Kinda like celebrating leading half way through a race. Finish the race first!

[Tuckerthefox]

Thanks Geo

[Systemtogo]

That's true but as GP says we're running out of cash and we need to do a raise soon. I'd much rather raise 5 million dollars at 35 cents than 18 cents. I don't really have any idea what to expect from the news coming out this fall and some of the reception to it is dependent on the markets which is out of our hands. All I know is say we found a million oz of high grade, we sure as

[red]

I think that's a good conservative new base line if he hits that inferred 2 million mark and will change if he hits bigger indicators at con. We wait this out ..staying long on YGT 

[Systemtogo]

Ya. Well technically if we hit a mil oz at 10g/t we should be over a dollar under normal circumstances but given the conditions now I'd be happy at 40 cents. 

[Brioche]

No raising capital before official reserve . So in October.  Gp can hold the company with very few expenses. And i don't see him diluting under its cost price , 0.2 cad. Opinion.