Useless bashingYou're out of your mind if you think GBB will only be proving up 1.4 Moz in their updated 43-101.
The Preliminary Block Model alone is based on 26,000 metres of drilling in 470 holes, a 30,000 tonne bulk sample which showed grades of 1.6 g/t au and GBB's 2,500 metre Phase 1 drill program.
GBB outlined a potential for 2.4 to 2.6 Moz in an area with a strike length of 600 metres and a width of 500 metres when their depth inside the Block Model was only determined to be 70 metre depths. Since we've learned that GBB is drilling to depths of 400 metres and we know that outside the block model we have mineralization to depths of 300 m + vertical.
I find it difficult to see how we're only going to prove up half of what the projected tonnage was when we've done 10 times since this outline for the Block Model came out. Phase 1 was 2,500 metres and since we've drilled over 40,000 metres, at least 30,000 of which will be on the new resource estimate. As tempting as it is to take profits I've seen stocks go on less in the past and much prefer trade my other stocks than try and figure out when GBB will go. Just looking on a technical standpoint flipping the stock is tough as GBB has not had more than 2 down days in a row in the past 2 months. And selling to buy back 4% lower is insanity with the amount of longs that have been accumulating. I still don't think we're being given the credit we deserve but I believe we've made huge leaps in 2010 and 2011 will be even more productive.
We've doubled our land package recently, found out we may get sharedholder value from our silver play, have site visits ongoing next week and have learned that two majors are knocking on the door. Just as a comparison Brett Resources which was bought out by Osisko earlier this year based their estimate of 6.7 Moz at 0.8 g/t on 38,000 metres of drilling with 18,000 historical metres so I may not major in math but if their numbers were based on 56,000 metres of drilling and they came up with 260 MT at 0.8 g/t and ours will be based on 25,000 metres of historical drilling + 30,000 metres at least then we've each done the same drilling except ours is better grade but somehow we'll come up with 1/4 the tonnage. Go back to the ATC board you just waste your time here.