XAO 0.53% 7,893.6 all ordinaries

Hi All, Keep an eye out on GTE. Newflow due now (said results...

  1. 5,680 Posts.
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    Hi All,

    Keep an eye out on GTE.

    Newflow due now (said results due in 4 weeks, 5 weeks ago) - if positive then could be company-making.

    MC: $5.0m
    Cash: $1.5m
    EV: $3.5m


    Gold price currently around all-time-highs at over $2,000.

    Yandal West Gold Project drilling results due now (targeting 10Moz-Jundee-style mineralisation) - previous results:
    - 3m @ 52.8 g/t Au from 34m
    - 2m @ 13.25 g/t Au from 12m
    - 3m @ 10 g/t Au from 28m
    - 4m @ 9.03 g/t Au from 38m
    - 4m @ 7.1 g/t Au from 58m
    - 4m @ 6.16 g/t Au from 32m

    More drilling to start shortly at Yandal.

    Directors here are A-Class and know a thing or two about big discoveries/mergers/takeovers, going off their track record.

    Chairman, Managing Director and a former/recent Director own 10.0% of all shares on issue - so what's good for them is good for us.

    Other:
    - Recently discovered a new Vanadium district with more work/drilling about to be undertaken.
    - Has a JV with Sandfire Resources near DeGrussa (SFR funding exploration & currently analysing EM survey data to identify drill targets).
    - Adjacent & downstream from SO4's Lake Way Potash project (GTE assessing - potential divestment) (SO4 market cap is $190m & it's SP is flying & has doubled since January - it's project next to GTE is due for commissioning in Q4 2020).

    Chart has been basing for about 12 months with massive spikes historically following a period of basing.

    Cheers,

    GB.








    01 GTE - Board & Management.jpg









    02 GTE - Yandal West Status.jpg









    03 GTE - May drilling completed - Results due.jpg









    03b GTE - All Projects + Yandal West Location (EAR, BGL, NST, etc).jpg









    04 GTE - Chart - JUL19.jpg









    05 GTE - Lake Way Potash.jpg









    06 GTE - Directors' Share Holdings.jpg
 
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