Golden Band Resources Inc GBRIF

RE: comparable to TBM

[Hungry9]

"When you say 2-3 ghrams that is for encouragement and is usually below cut-off grade for underground mining. You have misunderstood and twisted the story to deny the truth." I think you are the one misunderstanding things twisting the truth here. What I posted was directly from company website and managements own statements. I think you are getting confused about the underground mining thing here. I think the company's objective here is to open pit these deposits. I have not seen anything mentioned from the company about their intention to underground mine. Below is from their May 11 2005 News Release and clearly states their intentions. LOW COST OPEN PIT MINING. "The Company's long-term objective is production from its gold deposits in the Greater Waddy Lake area. These deposits currently have an existing indicated-category resource inventory that exceeds 1,000,000 ounces of gold (uncut; over 900,000 ounces, cut) with an open pitable grade of at least 1 to 3 g/t gold. This level of gold resources, located within a distance of a central mill, could potentially support a long-term mine-mill complex. It is expected that such a mill would likely require a capacity in excess of 2,000 tonnes per day, along with the construction of matching tailings facilities. The four main deposits in the Great Waddy area are interpreted as having favourable sizes, grades, and shapes to consider open pit mining. Open pit mining is lower-cost than underground mining and allows high-tonnage, lower-grade, gold deposits to be mined profitably. A preliminary economic analysis (scoping study) is planned, the objective of which will be to outline the production potential of these deposits."