Gold Terra Resource (YGT) - Gold Explorer Starts to Think Commercially
Matthew Gordon, Ptolemy Capital
5 Months ago
Gold Terra Resource, formerly TerraX, is a junior gold explorer that owns a district-scale land position next to the City of Yellowknife in the Northwest Territories, Canada.
Ex-broker, Suda joined this story a couple of years ago, and he is coming at it from a financial perspective. He used to work in financial markets in Toronto, so bringing his commercial knowledge was key to TerraX's transformation from a technically and geologically driven company on a slow decline to a gold explorer with strong credentials.
Suda has brought in several new faces and has strengthened the balance sheet, changed the share registry and significantly enhanced the general direction of this gold junior. Gold Terra Resource is now on the comeback trail, and it looks like it has the start of 2 decent gold projects, Yellowknife City Gold and Mulligan Gold. Now, it is up to Suda and his team to monetise them and return value to their patient investors.
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