Gold Terra Resource Corp V.YGT

Finding Gold

[CaseProdemo]

Finding gold has never been easy but it helps if you are looking under a known deposit. GP knows what the odds are and this hole is our best one since he came in. There is no way this stock will stay this cheap if we find any gold below the con. With gold at $2000 and a plan to mine 150k ounces a year in town making it a low cost per oune to get it out of the ground, How low? My guess is between $700 and $900 for the open pit 7% material and $ 800 and $1000  for the under ground high grade.That is $150 000 000.- free cash flow per year. We are not the only people that see the potential. It realy makes the current stock price a joke. What am I missing?? Anyone?

[red]

Totally agree and IMO you are missing nothing ...the immediate potential sits a con and very likely he will find what he needs right there  ....keeping in mind that of the 70 km of strike zone YGt controls ....basically 10 % of it has been explored. It's gonna be a mining story our price does not reflect that speculation that GP keeps saying is a no brainer. while we sound like pumpers

[CaseProdemo]

I think despite GP's great efforts to put the spotlight on us we can not escape the down market in the sector. Its a wait untill it turns like it always does. As long as we keep finding gold I am not worried.  I keep buying more while looking at any other story that looks like ours. It just seems like the ones that have the same potential in similar juristrictions are trading at much

[red]

If hit hit the shear he hit gold and we will have more....he says he will not miss the shear with this deep hole and he has proven that with just about every hole he has done...with exception of one further south of con..(.If I recall correctly)...he knows and can prove......the historical geology at con is clear ...it's down there. the age old question is not "if" but in this case

[CaseProdemo]

Last week he said they were close to the first target the con sheer which is the smaller of the two sheers. It will be a few more weeks before we get to the campbell sheer at 2000 + meters. Very exited indeed.

[CaseProdemo]

With the sheer on an angle they had to start the hole half a km away to hit it at 2 km. That means there won't be any gold in the core untill you hit the sheers. The deeper you look the richer it usually gets in these types of deposits. We need a bit of luck to hit a pocket but the prospect is as good as it gets.  Great news on the midas deal but that is just a side deal for us. We want

[Tuckerthefox]

The deal will provide more cash for drilling. GP says drill drill drill.

[red]

Understood ....but we still should expect a progress report soon ....how many meters a day should we expect from a hole like this ? 

[CaseProdemo]

I beleive the average is 50-60 meters per day. Speed goes down as you go deeper. You have to give it to GP . He has been a force to recon with these last 3 years despite the market ignoring the whole sector. He pushed his plan and kept promoting. We are lucky to have him. This would not have happened had David not brought him in. A lot of juniors are in serious trouble now. Not GP he keeps on

[Tuckerthefox]

So deep hole drilling started April 25. 43 days ago at 50m's a day is 2150m. Feel free to check my math lol.

[CaseProdemo]

Correct if it did not slow down going deeper we should be there now. Let's do the math again as soon as they get there. I would not be surprized if it takes another few weeks..

[CaseProdemo]

I should have said 50 meters for the first km. Then it slows down a lot. Sorry.

[red]

I was already calculating the days past and meters drilled lol