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Golden Band Resources Inc GBRIF

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

Bullboard Posts
Comment by longtoothon Nov 15, 2012 6:03pm
125 Views
Post# 20607236

RE: gbn

RE: gbn

today's low was 10.5 cents but it closed at 12 cents.

 

I think this will make borrowing money very difficult from now on and to raise money with more stock dilution will cause several large shareholders a lot of grief as they will start to lose control.

 

I am still wondering what is going on at Komis as now the talk seems to be Greywacke and Birch Crossing. I don't think that is the solution. I think the money haemorrhaging needs to stop and a new business plan put in place. What is the point of mining gold if it is costing more per ounce than to go and buy it on the open market??

Bullboard Posts