RE: RE: RE: RE: Gold - Hard to find? Yeah but he is dead right on what he is saying right now. In todays climate the BBoys want rich deposits close to surface so that mining costs and cap ex are as low as possible, but the benefit is huge in the buy out as a premium around $200 per ounce seems to be the average in most deals being done these days. That being said I think GBB qualifies as the gold starts at surface and for a large heap leach /mill operation a grade of .7-.8 would be great with the recoveries we have already shown possible. Think with nugget effect we will hit that grade, all we have to do is hit the magic 5 million ounce threshold as that is what most majors are looking for at a minimum. I myself think there is at least double that on the whole property but unless share price rises dramatically we will not be doing the drilling to prove that up. That being said 5 million ounces at even $100 an ounce would be $1.50 per share and if a few suitors get involved maybe even $2 but that is a remote possibility as I think whoever comes after us (Osisko?) will move fast and furious and make the offer rich enough that all the shareholders who have waited so long for a nice payday will grab the money and run quiclky! In another time and better managed this deposit would have been drilled far more effectively and seriously and the buyout would be in the billions but that is not here and now so $1 and maybe more will be the price that we shall have to consider a nice payday and move on to another project. All imho.
Longrider