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Gabriel Resources Ltd V.GBU

Alternate Symbol(s):  GBRRF

Gabriel Resources Ltd. is a Canadian resource company. The Company's principal business consisted of exploration and development of the Rosia Montana gold and silver project in Romania. The Rosia Montana Project, one of the largest undeveloped gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district. The Bucium exploration concession is located approximately five kilometers to the southeast of Rosia Montana in Western Transylvania and bordering the Rosia Montana exploitation permit. The exploitation license for the Rosia Montana Project is held by Rosia Montana Gold Corporation S.A., a Romanian company in which the Company owns an 80.69% equity interest, with the 19.31% balance held by Minvest Rosia Montana S.A., a Romanian state-owned mining company. Its subsidiaries include Gabriel Resources (Barbados) Ltd., Gabriel Resources (Netherlands) B.V., Gabriel Resources (Jersey) Ltd. and RM Gold (Services) Ltd.


TSXV:GBU - Post by User

Bullboard Posts
Post by pierre013on Jan 13, 2011 12:08pm
359 Views
Post# 17966185

GBU vs OSK

GBU vs OSKIf you compare the 2, that's where GBU is going in price and probably more because its resources base is larger than Osisko. The environmental assessment is the last piece of the pie to be taken out before the real game starts...financing and construction permits.
There is too much money at stake for Romania to block this project any further. I see the SP at 12 bucks after the environmental approval that should come in the next 3 or 4 months. Before the end of this year, it should come close to 15 dollars.

Pierre013
Bullboard Posts