Keep dreamingIf GBB were to go into the 20-25 cent range we'd have a market cap of $30 million or roughly the same as Adventure Gold who's share price has risen on speculation of OUR property and the claims they've staken near Granada.
The fact that you don't think the bottom is in yet here also confuses me as it's pretty obvious with the past 10 trading sessions what the share price is doing.
On the 15th of March we touched 0.35 cents VERY briefly before closing up at 40 cents for the day on almost 1 million shares as bargain hunters stepped in. Since that close we've touched the high 30's again briefly but in the last 5 days have not traded a single share under 0.40 cents which is very encouraging. I believe GBB has found it's new base at 0.44 cents and any news from here out should help propel us through 50 cents and more. People here seem to think that because GBB has never hit "high grade" over long intervals it's not possible or we'll never be able to go up on drill results. But with the amount of metres increased and the fact that we've yet to hit a real miracle hole yet I think there's a great possibility we could see a long interval in the future of 200+ metres over 1 g/t or more. We already hit a high grade section in previous drilling of 162.75 g/t au and we're now moving the rigs to where historical results averaged 7 OUNCES per tonne.
I personally think you sold GBB in a panic under 0.40 cents and now that the price has turned against have resorted to bashing to try and get your position back. My advice to you would be to buy this week before the share price gets ahead of itself as we're in the most oversold territory we've ever been and the accumulation at these levels will not be available forever. All you have to do is look at a one year chart to realize we've never been below our 100, 200 nor 50 day moving averages for more than 10 days at most so unless you truly believe the story has changed there is no reason for the recent share price pullback. Every release adds ounces and the last one added another 300,000 oz of gold minimum which shouldn't translate to (-) 45 million on our market capitalization.
Brett Resources - 7.0 million oz at 0.8 g/t au in Quebec was bought for $385 million by Osisko last April.
Gold Bullion - Potential for 3-4 Moz in the Block Model come 43-101, Step-out drilling has shown deep intervals with potential for a deposit the same size in the Eastern Extension. Deposit still open in all directions and 6,000 hectares added recently. Conservatively even if we only see 3 million ounces in the 43-101 Inferred that will still warrant a minimum $60 per oz or $1.13 per share.
But ya see at $1.25!