RE: Brent Cook on GSV Part 2 Don't know why it all didn't come through the first time...
"TGR: With a market cap of $200 million, Gold Standard just started trading on the New York Stock Exchange on June 12. Is this stock overvalued at this point based on drilling results and such?
BC: It's way overvalued. This is pure speculation, but I'll tell you, we bought it in Exploration Insights when the first big drill hole was announced and I still own it and I'm not selling it because the risk-reward is massive. A major high-grade discovery on the Carlin Trend could be worth billions of dollars. I think Fronteer Gold Inc. (FRG:TSX; FRG:NYSE.A) sold its Carlin style Long Canyon gold deposit to Newmont for $2.3B.
TGR: And obviously, you don't feel Newmont overpaid for Long Canyon.
BC: No, I don't think so. If Gold Standard can find a significant deposit on the Carlin Trend, it would be worth a lot. Bear in mind, Goldcorp Inc. (G:TSX; GG:NYSE), Barrick Gold Corp. (ABX:TSX; ABX:NYSE) and Newmont are all active in the district—that's where the guts of Barrick's and Newmont's operations are. Their roasters and autoclaves scattered around the state are desperate for ore, so capital and infrastructure costs there are considerably less than if you found a similar Carlin-style deposit in the middle of nowhere. Miners are right there, roads are there, it's maybe an hour's drive from gas stations, brothels and a cold beer. What more could you want in a gold discovery?"