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Golden Band Resources Inc GBRIF

Golden Band Resources Inc. is a Canada-based gold producer engaged in exploration, mine development and extraction of gold ores from its properties in the La Ronge Gold Belt in northern Saskatchewan and processing at its Jolu mill. It has assembled a land package in excess of 870 square kilometers (km2) that includes thirteen known gold deposits and four former producing mines, which were Star Lake, Decade, Komis and Jolu. The Company is mining at three deposits to feed the mill. These are Roy Lloyd, Greywacke and Golden Heart. Roy Lloyd mine is an underground mine extracting ore from the Bingo deposit. Golden Heart is located approximately nine kilometers east of the Komis mine and is accessible through a 17-kilometer mine road connecting to Highway 102 just north of Brabant Lake.


GREY:GBRIF - Post by User

Bullboard Posts
Comment by kmilneon Nov 05, 2010 10:58am
321 Views
Post# 17663681

RE: PITIFUL...isn't it !!

RE: PITIFUL...isn't it !!I hear ya Varlacom.........I went through the same thing with GBG but they started to move eventually as production loomed.
Sometimes I think we underestimate just how much it costs to get a mine up and running and if you wnt to pay minimum salaries then you hand out options to make up for it. If they've overdone it, Management will pay the price  in the long run along with the rest of us.
Chartwise its looks like the stock is moving into stronger hands and is poised for a good breakout. It'll come ...no doubt about that.
Bullboard Posts