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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
Post by longtoothon Dec 24, 2010 11:28am
376 Views
Post# 17893178

Unreal

UnrealThe company re-started a mill that already ran in the past and they set up a camp and a few other buildings. Anyone can do that and usually they don't need to brag about it in a press release. These guys pat themselves on the back for gettng a few contractors to erect a few buildings, unreal.

The real question that is being avoided is weather or not the ore body is sustainable or even large enough to pay back the money borrowed  to erect these few buildings and re-start an existing mill.

Maybe the market knows this which would explain why this is still a penny stock when the gold price is at record highs.

This is an example of how investors get abused by the market and how unethical professionals can become  (so called professionals)..
Bullboard Posts