Gold Terra Resource Corp V.YGT

Valuation?

[Marlee]

Trying to get my head around valuation here if GP finds 2 million ounces below the con mine.

If he finds 2 million ounces, there is the 500k ounces at surfaces and 600k ounces left in the mine. That gets us to roughly 3 million ounces.

any insight/thoughts on what these ounces would be valued at? And how much share dilution would be required to get there?

[CaseProdemo]

We have almost 2 million ounces already . There is another 600k ounces left in the mine. I beleive there are at least 1-2 million below the mine to be found. So let's say we have 3 million at the end of 2024. These are High grade ounces in town. To give you an idea how much they are worth. GP paid $75 per ounce 15 years ago for low grade out of town for one milion ounces and gold was at $400

[Marlee]

Thanks CP. very helpful. I recall Gerald mentioning in an interview that he would need around $10mil to find 2 mil ounces under the con mine, which is $5 per ounce. That is accretive even at the current depressed valuation of roughly ~$10 and ounce. The capital raises will likely come incrementally but I think he also mentioned that he'd like to do the next raise at the $0.20 level.

[CaseProdemo]

That is right he did say that. If he gets 10 million for $0.20  he can do two more deep holes with multiple wedges to prove what is below 600 meters of the mine over one kilometer. We know the sheer is there and If it is as rich as the mine above we could get as much as 3 million ounces.We also know it keeps on going deeper and it is open horizontly over the one km they mined in the past. So