RE: RE: Latest from BMRHey Sail,
At .5 gram per ton this deposit will be MONSTROUSLY profitable and by the time its put into production and gold is double its current price LOOK OUT! That is why someone (Osisko?) is holding the price down so they can take it out as cheap as possible. They will ultimately prove up at least 500 million tons but probably 1 to 1.5 billion tons all starting at surface. 500 million at half a gram with 93% recovery (already proven) is 8 million ounces so the upside is anywhere from 15 to 25 million ounces. This story in a couple of years will be mining legend and anyone who got in now is gonna have a great story to tell. Unfortunately because of the manipulation whoever takes us out will do so for less than 500 million which when the final numbers come in will be considered the THEFT of the CENTURY but thats the TSX venture! Take your $2-2.50 per share (which is what i think the takeover offer will be) and run to the next great stock cause thats all yer gonna get! I have some buddies that I turned on to this stock who know the story well who complain they are getting screwed but 400-500% from today's price is a nice return. I left the stock in March when I figured out what was happening and have only recently been loading up again in anticipation of the 43-101 which I think will arrive late August-early September to achieve the most ounces and get the Oct.29th warrants exercised to fill up the treasury again. Its an act of futility as I think the minute the RE is released and the stock pops a takeover offer with a 100% premium will appear right away with a very short acceptance timeline (say 10 business days) so no other companies will have time to do DD so they can put in a competing offer. At say $2 per share thats 400% gain from today. How many GBB shareholders will turn that down after the last years share performance. Sorry guys but $2-2.5 is the best we will do and its still a homerun even from our 90 cent high in January so take the money and run! Just my thoughts as I have tons of other great stocks where I will place mine winnings. GER Glen Eagle Resources being my favorite long term. GLTA and remember pigs get slaughtered and the wise live to find the next ten bagger!