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Bullboard - Stock Discussion Forum 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... see more

TSXV:YGT - Post Discussion

Gold Terra Resource Corp > Time for a re-rate.
View:
Post by CaseProdemo on Apr 06, 2023 12:38pm

Time for a re-rate.

I understand the "market" has a wait and show me approach today on our stock. But the news in the last two years has been 90% positive with the new much better deal to buy the con mine in place and the gold in the ground more than doubled with plenty of upside potential. The stock has gone down 50% in the same period. The only negative news we had was that the gade south of the con was 7% so far which is still great high grade gold. The market was looking for 10%. I said so far because we are still drilling and that number will evolve. Compared to our piers we should be a 100 million dollar company today at a minimum.
We have 1.7 million high grade ounces so far and Gerald thinks we will be a 4 million ounce company soon. That will make us a 250 million junior compared to other similar deposits wich are very very few and far between. There  are many low grade excamples but only a hand full high grade and none of them are in town. Do your own research and double down. That's what I did.
Comment by red on Apr 09, 2023 8:25am
Nice assessment, and seems to make sense to me aswell.....locally many  ice roads on 48 hour notice up here, portages taking a beating and deteriorating quickly, It was 5 deg with warm winds last night at 5 pm, I suspect they must be done or very close to it. GP will be able to report something soon.....going to be very interesting for sure.
Comment by CaseProdemo on Apr 09, 2023 2:39pm
Thanks Red. He must have some back already but I am sure he is timing it as well. The deep hole will be drilled closer to town next to the robinson shaft. That is the one management is most exiting about for higher grade free milling gold. They can drill that area any time despite the weather I beleive unless there are weight restrictions put on before the rigg is in place. They are also working ...more  
Comment by red on Apr 11, 2023 9:20am
Good call on con drill ! Can do at any time given access from the con site.  With new news - all new holes appear to hit the shear ... interesting results to follow.