RE: RE: Bashers gone wild..... There is no doubt that GBB has the potential to be a huge and profitable mine. (based on what?) certainly not the PEA With every drill core they take out of the ground the resource estimates increase as per management expectations. This is important because unlike some exploration companies GBB is not searching for the needle in a hay stack. They are very strategic in the manner in which they prove the reserves and manage our money. (what Money there is none All results have come back equal to or better than expected. If the company promises something they deliver and on time. Management is a large shareholder with skin in the game. Frank is focused on building shareholder value in both the short term and long term. (nice generic phrase but what does it truly mean)
The PEA demonstrates that GBB has reserves that are economic in both open pit and underground mining Who you trying to kid? (10% IRR and & 7 year payback says otherwise)The assumption used in developing the PEA were very conservative. No they used three trailing average for gold price which most companies do. Have seen some lately that still use $1250 or $1300 In fact both their cost estimates and the price of gold assume worst case scenarios. (Sky high costs of $1000-$1200 are simply a reflection of low grade and pit paramters) Having said this, there are few mines with as quick a payback as the conservative PEA is projecting. (Care to name one mine that has been built with a payback period of 7 years. You must think the posters here are awfully stupid to believe what you just posted.