GOLDBROOK VENTURES INC V.GBK

Exploration vs. Mining

[rockstocks]

I think it's important to really distinguish between the 2 projects Goldbrook have in the Raglan, and not think of them as 1 big project

1) Exploration - Goldbrook has extensive land holdings, 95% dead ground, in Raglan. Through a $45M investment (and as we now know the re-investment of Quebec Gov rebates) over 3 years JJ get half the project and get to be operator.

2) Mining - Jien Canada Mining own the former Canadian Royalties ground, with a mine under construction. Goldbrook own 25% of Jien Canada Mining, and so billions of dollars of ore in the ground.

These two ventures up north are like chalk and cheese. One is early stage exploration, nowhere near pre feasability even, while one will be a producing mine in the next few years, with money coming in the door. Lumping these two projects together, although easy based on location and the players, is a big mistake.

The arbitration that matters is the one concerning JCM, and I reckon that's why there has been little reaction to the latest proceedings, the market, rightly, doesn't care about the exploration project... Goldbrook's future is in JCM, not the ground they have explored with relatively little success over the last 7 years.

For my money I would say drop the exploration project completely and save some money, we may need it for lawyer fees

[RoyallyScrewed]

rock stocks, you are using the same false information as many here have been for some time. I trust you mean well and are attempting to shed light on this situation, but the true facts are already public. Arbitration caused many investors to critically look at the Jien/GBK contract details instead of the poorly worded and misleading news releases. Most here know the facts by now, so I hope this

[k613]

Not impressed by all your diatribe.......it is obvious where your puffery stems from....people this is a clear indication that GBK is worth a heck of alot more than .185 a share...otherwise why would this person be trying to ROYALLY SCREW YOU by posting at length I might add such a discouraging scenario? Obvious to me....people...develop an allergy to this poster.

[rockstocks]

Hey Royally,My figure of 50% ownership and operatorship is actually correct. The further 25% comes from pre feasability and feasability studies being carried out, which I don't see being done any time soon. But as I said it doesn't even matter as these deposits are insignificant next to the old CZZ ground.On the % of ownership why would JJ to try dilute GBK from 1.966 to 1.2%, seems

[RoyallyScrewed]

Thanks for your reply. Nice catch on the NI43-101 mix-up.You can't have a mine without a feasibility study and Jien will own 75% when the mine starts. That's what matters isn't it? So 50% is just a means to an end. When the revenue comes in it will be a 75-25 split after expenses.The shares that Jilin Jein and GBK each have in Jien Canada are documented in their contract. You may not

[oyl1230]

RoyallyScrewedI think you are wrong about the ownership issue. GSK does own 25% in JCM, not 2%.As Jilin Jien (the mother company) is a publicly listed company at Shanghai Stock exchange, I checked their initial publication about the buyout deal for CRI in 2009. It is in Chinese and I translate"Common Share with Voting right: JJ 75% GBK 25% Preferred Share: JJ 100% Common Share B