RE: NEW WEBSITE!! Looks great!!from the website "Upcoming Events" section
Aug 26 - mine site tour
Aug 27 - directors meeting
I know some who participated in the mine site tour, will be interesting to get their opinions on the current status, the future plans and the directors/mgmt
Ive had a couple opportunities to meet with netolitzky and hear his 'pitch' on la ronge, he is a strong beleiver in the upside potential for more ore bodies, his enthusiasm is infectious and hes starting to get some interesting people listening
but so far it hasnt done anything for the share price!!
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from the new presentation
Business Plan target is to ramp up to 70,000 to 100,000 ounces per year.
Project Economics (Iniitial 5 years)
Base case $900 gold - 34.7% IRR, EPS .095
Current case $1,190 gold - 95.4% IRR, EPS .147
at 10X earnings, the above would support a share price of .95/share base case and 1.47/share current case
you can see from the presentation how sensitive GBN is to gold prices, if they get into production and gold prices continue higher they could be hitting the sweet spot for starting production with historically high gold prices, if they add some corp strategic moves to attract attention and grow the company we could be in for a great ride!!