Golden Band Resources Inc GBRIF

Metals & Mining Gold

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

Golden Band Resources Inc

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Comment by longtoothon Dec 21, 2011 12:38pm

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Post# 19342230

RE: RE: WHOOPIE!! - financing off

I thought the Golden Rule was "do onto others as you would have done onto yourself"

Prudent not to take a high interest loan that is guaranteed against the shareholders assets. It will be interesting to follow managements decisions in the near future. It is unfortuante that it takes a Lawyer to run a mining company as the Engineers and Geologists that ran it in the past almost seemed to have dislike for their own professions - as if they were above them (jmho). But hey, maybe geologists and engineers should stay geologists and engineers and not get involved in management as that is not what they were trained for (jmho).

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