RE:RE:Please Explain!GCU has a lot of paper hanging out there and no other items like Chromite....they did a financing and have about 11 million in Cash...they don't report easily...on their website need to go to SEDAR. PEA is for a 20,000 ton per day mill 11 year life quite a bit of silver....gold 4.4 million ounces indicated...06 million inferred good recovery rates.
Well now they have a PEA and are ripe for the plucking !! could see a buyout in the 0.40-0.60 range.
Need to build the infrastructure ( it s a camp environment ) very expensive. Remote = expensive.
Might scare few people off..
PRB has more gold probably 8-10 milion ounces 65 million less shares...and infrastructure nearby. Also Probe has Chromite ( small factor ) and tons more property east limb Ava Claire...if I recall Ava Claire had till samples in the 3-5 gm / ton range.. East limb is huge !! Probe might just be getting started.........
This is not a good environment for Juniors....Dave cna slowdown the drills to weather the storm...a lot of others are flat broke...not enough money to do till or outcrop sampling.....
GCU might cost quite a bit to get going ....and in this environment...lets hope China keeps buying and then two years from now they back their currency....sending gold soaring to $ 5000 + since they would benefit immensely.
JMHO on this cold snowy day.....next post will be from Costa Rica. GLTA