Hi Bdraidr09Whilst most holders here don't like or want to...

Hi Bdraidr09

Whilst most holders here don't like or want to listen to what @samcharlotte77 has to say here, he is probably correct and on the money, lets look at these two paragraphs he wrote, if this is the case and appears so given the very low ore grade then his scenarios are completely correct , this is the results from 26 holes drilled
Of 26 holes drilled, 6 holes met the minimum grade cutoff of 200 ppm eU3O8,
Now 200ppm U308 does just not cut it, more about this later-
GTR have 2 BILLION shares on issue a MC of $14m ?
what @samcharlotte77 is saying is that the transportation of huge quantities of low grade U ore to produce a small amount of U308is probably not feasable

Samcharlotte77 quotes-

""I just can’t see GTR getting approval to move 20 million truck loads of ore 50 miles for a caketin of Uranium. Could possibly be a few objections from towns, hospitals and even local schools as I’m not sure they would really want the dust from 20 million uranium ore loads covering them

I’m not sure you’re aware but GTR cannot even afford to buy decent biscuits at the AGM for shareholders let alone get approval to build rail infrastructure,or build a working mine.""

The above quotes are very sobering, and if correct paint an extremely concerning picture.

One stock i am watching is another USA Uranium explorer MAN

Now comparrison, MAN have $15.3m in cash, no debt and a market cap of $16m, same as GTR but look at these two stark differences.

GTR 2 Billion shares on issue MC $14m
GTR Cash on hand $2m
GTR U308 grades 200ppm U308

MAN 615m shares on issue MC $20m
MAN cash on hand $15.3m
MAN U308 grades 4,233U308 to 5,530ppm U308 recent grades of 7,300ppm U308 so high radioactivity needed special case to transport to lab
Below MAN ppm chart- there is a huge difference 200ppm U308 for GTR to 5530ppm U308 for MAN. not to mention MAN huge $15.3m cash.