My SP Calculations / Casey both 1 & 2 The only way that I can draw any conclusions as to where our SP should be is to compare a range of companies that GBB falls into. These companies are no different than the comparisons used in Real Estate to come up with proper valuations. The figures used here are AVERAGES {as you cannot take any 1 high or low example} just to make your case either way
Judge for yourself if GBB is above or below average in the following categories: I just cannot find any category that GBB are below AVERAGE in
Jurisdiction, location, {Quebec / Cadillac Trend}, successful neighbors, infrastructure, management experience, Historical data, {including grades, previous mines} nugget effect, previous milling & bulk sample results} SGS {#1 in the industry} etc,etc,etc
Lastly the last set of #’s are the most recent & are from this very bad market that we are currently in
From GBB 43-101 April 02 / 2012
The in situ measured resource is 97,700 ounces (3.02 million tonnes grading 1.01 g/t), indicated resource is 543,400 ounces (17.04 million tonnes grading 0.99 g/t), inferred resource is 846,600 ounces gold (23.93 million tonnes grading 1.10 g/t Au) using a cut-off grade of 0.40g/t.
Example #1 Casey’s 1st Updated #’s since the original study done in 2009
Measured $340 / oz Indicated$159 / oz Inferred$34
Inferred: 846,600 x $34 = $28,784,400
Indicated: 543,300 x $159 = $86,384,700
Measured: 97,700 x $340 = $33,218,000
Total M/Cap = $148,387,100/ 200,000,000 shares = .74 / share
Example #2Latest Update Measured $232.70 / oz Indicated $69.30 / oz Inferred $61.90 / oz {gold @ $1535}
https://www.dailybuyselladviser.com/news/blank/gold-stocks1248-1.html
This is the most recent update to Casey’s original study that I can find. These are averages from the top 150 exp / Jr gold stocks on the TSX Venture. I stress average, despite the many advantages GBB has over most. I am only using the AVERAGE prices
Inferred: 846,600 x $61.90 = 52,404,540
Indicated: 543,300 x $69.30 = $37,650,690
Measured: 97,700 x $232.70 = $22,734,790
Total M/Cap = $112,790,020/ 200,000,000 shares = .56 / share
My #’s are my honest evaluation of where our SP will be once the couple of large sellers run out. Like water it will eventually find its proper level. It may take another 101, a milling program, some hot & deep drill results, Royalty etc
Please feel free to disagree, recalculate, or comment on my #’s as I won’t get offended, if you show your calculations
Lastly - ANDY / SKIPPY. Please disregard my info & put me on IGNORE. I am not interested in finding a extreme, example on either end of the spectrum. I am only dealing with averages & seeking the TRUTH