RE: RE: 2011 Top 10 Highlights 10. New CEO
Production has now been fully established and netolitzky can move on to do what few others in the world can do as well. Golden Band can now switch focus from getting into production to the business aspect of creating value for shareholders.
9. Acquisitions
Adds a low grade high tonnage deposit in line with long term plans for low grade high tonnage mill.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29886807&l=0&r=0&s=GBN&t=LIST
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29886849&l=0&r=0&s=GBN&t=LIST
8. Fireweed
Fireweed is all about location, location, location!! Not to mention the fact that it has shown a 250m strike length by scratching with a 3m reach backhoe.
What is so important about it's location? The proximity and direction from the glacial displaced EP deposit. It was originally thought that the source for EP was possibly in a NW direction such as Dog Creek, hence the discoveries of Dog Creek, Charlie's Eye, and Discovery Point. These discoveries all confirm a major deposit lies in the area. But the Riddle Till actually leads in the NE direction of Fireweed.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30469405&l=0&r=0&s=GBN&t=LIST
https://agoracom.com/ir/GoldenBand/forums/discussion/topics/501457-charts-comments/messages/1597782#message
Secondly, Fireweed's proximity to the Komis haul road eliminates the need to establish further infrastructure. Similar to how the newly discovered 301 Pit is a few hundred metres from the Komis Mine. The road to Fireweed is the road that goes north from Komis to access Golden Heart.
7. Golden Heart
Absolutely infill drilling but also increasing strike length to the NE, while it still remains open, and confirming mineralization below the known strike below the current depth. This drilling will confirm whether Golden Heart will only provide ore from an open pit or also become an underground mine.
6. Roy Lloyd Achieves Expectations
Information provided by the company shows ore feed is still available above the known existing (a mere 200m below surface) reserves. The deepest portion of the reserves are to the 1200 Level. In the Q2 MDA, GBN has confirmed they have already developed the ramp decline below the 1200 Level to the 1175 level. Roy Lloyd's 800m strike length and 525m depth are both still open ended. As well, drilling is taking place at the first of the sub parallel zones 50m from Roy Lloyd's Bingo Main gold vein - Cockrum - and these are also near surface zones. it will be many years before mining becomes challenging at Roy Lloyd.
5. Komis/EP
Refer to the historical estimates on EP. Also note the 9,000 oz reserve does not take into account the 600m strike length of the Riddle Till.
I just have to laugh at such nonsense that Komis looks to have no reserves coming anytime soon. As stated in the Sept 20 NR, Phase 2 of the drilling program is in progress and will be used for possible expansion of the M+I at Komis.
Phase 2 of a surface-drilling program is now underway to follow up on results obtained from a winter drilling program (see news release of February 16, 2011). A total of 15 holes (3,600 metres) are planned to infill drill the deposit along strike to the west and to depth below the known Mineral Resource. The objective is to expand the current Mineral Resource for long term mine planning purposes. Upon completion of the geological assessment and Phase 2 surface drilling, the Company will undertake detailed mine design and pre-production development.
4. Mallard Lake Approval
3. Pours First Gold Bar
A step few companies ever achieve.
2. Golden Band Achieves Commercial Production
Golden Band achieved commercial production in record time putting the company on pace to produce 45,000 oz in it's first year.
1. First Ever Profits
The company can use these and future profits to expand reserves and secure a long future. With Ron, and his 32.5M shares, highly involved in creating a successful company as he has done to this point in building a land mass of 875 m2, achieving production (400 tpd), and not only a positive cash flow from operations but profits. It took San Gold 5 years before they could say the same.
Personally, I believe JLT may be paid by GBN to get investors who have done their DD to post the reasons why GBN will be successful gold producer.