Gold Terra Resource (YGT) - Gold Explorer Starts to Think Commercially
Matthew Gordon, Ptolemy Capital
8 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.
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.