Feb 5, 2021
CEO David Suda is gratified to finally see investors looking to the metal sector as a hedge against uncertainty and inflation. We’re in the early innings of a new gold bull market and now we have the Reddit phenomena bringing a whole new generation of investors to precious metals and mining stocks. Gold Terra (sponsor) is an opportunity for them to see the results of what Chairman Gerald Panneton believes is an incredible opportunity. Putting his money where his mouth is he acquired in excess of 5 million shares for his own account. When seeking companies to invest in, we like to buy into companies along side management.
David explained that the newly acquired Newmont claims haven’t been explored since the 1960’s. The area has an incredible history with over 14 million ounces were mined, in close proximity to the Town of Yellowknife. 5 million came out of the Campbell Shear alone. It took 9 months to close the Newmont Deal, but David is certain that it was time well spent and Newmont agrees. Drilling began on January 20, 2021. They’ve got the money to do it and they’re moving ahead after shaking off the Covid-related delays. Company valuation is extraordinarliy low, when taking into consideration of what lies beneath.
David states that 2020 proved to be a formative year where all the building blocks of success were put into place. As he said, “Tell investors what you’re going to do, raise capital and then go and do it.” This year they’re drilling on a more prolific target, closer to town with great promise. The Company is now going out and doing it what it said it would and that’s exactly why we’re shareholders.
Tickers: TSX.V:YGT OTC:YGTFF