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 fungi294fron Dec 21, 2011 8:25pm

339 Views

Post# 19343760

RE: RE: RE: RE: RE: RE: RE: RE: WHOOPIE!! - financ

It's simple.

Mine 70,000 oz reserves. Replace 70,000 reserves. Sell for $1650/oz. Pay expenses $900/oz. Leaves $750/oz profit. Multiplied by oz sold is $52M. Divide per share is .18. Going forward at a ratio of 1.25X. No value gein for future production, mill, mines,...... not rocket science it's good value.

I have been a buyer again since .42 and continue on a steady basis. The lower it goes the more shares the next dollar buys. A strategy that has proven sucessful for 20 years.

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