I suspect that if this deposit goes North onto GLD holdings, it will be so deep as to be unapproachable in an open pit. I also suspect we would have heard something from GLD already if they had any success in their drill program.

My bets are on an extension to the South where TRR owns the gold. I considered GLD for a while, but decided that TRR was a good enough ride for me, with a lot more upside in the months and years ahead.