RE: RE: Valuation steadfast, $100 per oz based on what?? based on a takeover situation? or based on the market's day-to-day valuations of juniors? if the latter, suggest go back to your geologist friend and provide examples of peers with cheaper valuations and ask why.
location is important for sure, but it's not as important as the risk of dilution to anyone thinking of buying this stock in big enough quantities to move it significantly upwards...i.e. the institutions.
what's it gonna take for a few institutions to BELIEVE in gbb? odds hugely leaning in their favour in the form of cheap warrants in exchange for support unless GBB announces it has gold backed financing and a production plan with permits etc.
gbb's BOD have huge amounts of options, so why wouldn't an institution expect the same treatment? problem is that's a vicious circle.
anyone wanting to know when the next sustained BIG up-move for gbb is gonna take place...that's your real answer: when gbb can show it can operate independent of the capital markets. and that's also ironically when an "above mean" valuation is most likely to happen and/or a takeover is most likely to materialize...when gbb shows it doesn't need to care about having it's oz in the ground valued at $50 per oz, $100 per oz or any other figure the market picks.
not bashin', just being honest...like the project, long way to go...not selling a share; not buying any either until i see the next stage plans.
sjm