RE: Scary numbers point to shakeout in junior sect
Gbb now has 2 .4 million dollars plus potential Castle Silver credits to work with in 2013.
A few months ago, someone provided a link for the 2012 Global Gold Mine Ranking.(
Global Gold Mines & Deposits 2012 Ranking
(over 1mm oz)
According to the report, in 2012, there were 212 entities hosting over 1M oz gold in all categories with avg grade 1.06g/t, 'quality deposits are rare, geopolitical risk is real, and access to infrastructure and permits is critical, otherwise 20% of the world's largest deposits may never be recovered.'
The ranking does not breakdown inferred vs in-situ categories or lower g/t cut-offs so it can inflate the weaker deposits.
Recovery rates of 80% or more were included. Financing factors were not adjusted for. (we could use some help there)
So where will Gbb stand in 2013 ?
We will get no credit for the large 1.6 million ozM & I component , with approx 1.165 M oz within a select pit and no credit for the 94% recovery rate and no credit for the rising grade.
Regardless, Gbb would move from #366, to #253 / 439 of which only 70 are in US or Canada and only 35 have grades above Gbb.
Undeveloped Deposits owned by Independent Juniors :164, gbb moves from #128 to # 80/164.
What about quality of resource? Gbb resource update is 2.638 m oz gold of which 1.6m is in the (valuable)measured and indicated category, most above 300 m, on the well-serviced golden highway.
The selected in-pit measure contains 1.165 m oz gold in the M&I categories. If gbb can keep costs at or below 800 dollars, at a gold price of 1450 per oz, that appears to leave Gbb and SH's with 750 million dollars of cash or gold (650 X1.165 m ).
Now we also have the estimation of 3.6-4.6 million oz from the deeper gold in the north also plus the nugget effect to upgrade the resource when poured.
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?s=GBB&t=LIST&m=31793984&l=0&pd=0&r=0#Amfubkd6vMLYGgZU.99
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