RE: RN at Casey Conference. Great link full of many clues for GBN's near and distant future.
A couple things I take from RN's interview is his belief that the market is not rewarding success - therefore why demonstrate much of it. It was almost laughable that RN was talking about 9000 oz while Bob Quartermain beside him was talking 30M oz. Bob was giggling and Louis was calling RN's bluff but Ron stuck to his guns deflecting from GBN as much as possible.
Another thing I take from the interview is RN's certainty that he is going to find a large low grade open pit deposit at La Ronge.
What good is another low grade deposit? I mean really it is already proven there is 1M oz indicated and 350k oz inferred between 1 and 3 g/t in the Upper Waddy region which includes Tower Lake, Komis, and Golden Heart. It goes back to the long term plan of a high capacity low grade mill situated at Tower Lake. The facts are that there is ~700,000 oz between the dozen or so zones in the Tower Lake area (including the largest in-till anomoly ever described, 6 km X 2 km at its base, the Phantom Till, and as well Fortuna), the 4 zones at Birch Crossing (high grade zones - Red Cube North 1, Red Cube North 2, Red Cube South and low grade zone - the Alder Zone) , Niko, Kaslo, the new zone between these 2, and the Memorial Deposit.
Well it goes back to RN stating in the interview there are numerous narrow vein high grade deposits at La Ronge. It is his full intention to use these deposits to produce for an infinite length of time and build up enough cash to build a 5000 tpd mill at Tower Lake on the basis of the 1M low grade indicated oz in the region. He will do it without a Feasibility Study just as he did with Jolu - mark my words.
And when he gets into production with his low grade mill - it will be "Oh my, look what I've found! What a surprise! It's a 1 or 2M oz low grade open pit deposit!"
He has proven in the interview GBN has 700 tpd for 2 years and has the ore waiting from Roy Lloyd and EP, kind of. We'll get the details "as they come to knowledge". By mid-2013 GBN will move to 1000 tpd by adding Komis and Golden Heart. This explains where they will get the money to finance the big low grade mill.
Look for the big mill by 2015 and GBN becoming a 250,000 oz/yr producer with a 1000 tpd and a 5000 tpd mill. Look for GBN to announce the discovery of the big deposit or 2 by mid-2015. Look for a buy-out at this time.
My best wishes to all as this is my last post. Long and strong and accumulating shares.