Welcome To The Golden Band Resources HUB On AGORACOM
Saskatchewan's SECRET Gold Mining Development.
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Golden Band Resources
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Developing the La Ronge Gold Belt
It was a year ago that IRJ first spoke with Golden Band Resources, to find out about the company’s impressive suite of projects on the La Ronge gold belt. La Ronge has a significant history in Saskatchewan, catching the attention of miners in the late 1900s, and becoming a primary focus of gold exploration for Saskatchewan.
Saskatchewan’s resources sector is booming—both mining and oil and gas activities have brought significant growth to the province, and today, the province boasts more than 200 known gold occurrences. Golden Band Resources is lucky enough to hold a significant portion of the very prolific La Ronge area, first getting their hands on La Ronge lands in 1994. Things have been going well ever since.
Golden Band is the province’s leading gold explorer, and has taken this leadership position through acquisitions of more than 750 square acres in Saskatchewan. Gary Haywood, current COO for Golden Band gave us an update on the company’s strategic focus, upcoming milestones, and challenges as the new decade unfolds.
Saskatchewan’s resources sector is booming—both mining and oil and gas activities have brought significant growth to the province, and today, the province boasts more than 200 known gold occurrences. Golden Band Resources is lucky enough to hold a significant portion of the very prolific La Ronge area, first getting their hands on La Ronge lands in 1994. Things have been going well ever since.
Golden Band is the province’s leading gold explorer, and has taken this leadership position through acquisitions of more than 750 square acres in Saskatchewan. Gary Haywood, current COO for Golden Band gave us an update on the company’s strategic focus, upcoming milestones, and challenges as the new decade unfolds.
From The 2002 Waddy Lake Technical Report
In the Executive Summary of the 2002 Waddy Lake Technical Report for Golden Band Resources, they give you a fair estimate in a few paragraphs just where the potential is in the La Ronge Gold Project.
The potential in the La Ronge Gold Belt is in its Bingo mine with the addition of its former mines, Komis, Star Lake, and Jolu. Organic growth and development will probably come through the addition of Golden Heart.
It doesn't seem to matter much how much gold there is or what kind of drill cores the company comes up with, there is no reaction in the market.
With very near term production in the cards, it would appear a lay-up that the Mill Zone will get a great deal more attention, which has three high grade mines in close proximity to the Jolu Mill, and that they will be obliged to issue a technical report for this zone.
supersize: http://www.flickr.com/photos/11747277@N07/5086405100/sizes/l/in/photostream/
source: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007862
(see under Technical Report for Oct. 24, 2002)
How Concerned Citizens May View Gold Mines
Since gold is still a barbarous relic in Canada, and people religiously believe in the power of the banks and life insurance companies to provide for their retirement, they are likely to view gold mines as completely unnecessary to the economy. Especially important for GBN.V management is to consider just how women may want to invest in the company, considering the assets and the potential growth. Imo, Golden Band Resources should seriously consider providing a monthly dividend to the best of their capability as fair compensation for the risks involved in investing in gold and gold related assets.
CanadianWoman wrote:"Posted 2010/09/28
at 3:45 PM ETHow tragic that this is considered "the cost of doing business". Toxic effluent - klling fish, micro environment of waters & affecting all animal, plant & human life. What a bunch of immoral creeps are the Claude Resource company."
Gold-mining firm fined $90K for polluting
Last Updated: Tuesday, September 28, 2010 | 5:30 PM CST Comments13Recommend13
CBC News
Saskatoon-based mining company Claude Resources has been ordered to pay $90,000 after being found guilty of polluting the water in Saskatchewan.
In La Ronge provincial court on Monday, the company pleaded guilty to three offences under the Metal Mining Effluent Regulations of the Fisheries Act, the federal Environment Department said.
more: http://www.cbc.ca/canada/saskatchewan/story/2010/09/28/sk-claude-fined-1009.html#ixzz12WrR5tR2
The Man-Cesssion
The World Economic Forum discusses the effect of the onset of recession and which demographic is more than likely to face financial stress:
http://www.bloomberg.com/video/63658220/
So if the recession favours women in service/white collar occupations less impacted than men's construction jobs, then the investment must appeal to women.
More On Negative Rates
Negative rates are still waiting in the wings and may very well have spilled over into the 5-year TIPS yield, which saw a low of -.60% this week. The 10-year TIPS yield fell to a low of .38%. There is a lengthy discussion from the the FT/Alphaville blog dating back to August, and going through the effect of negative rates, primarily in the repo markets.
In the hooplah of wild currency swings this fall, negative rates are being overlooked. Its a lengthy read, but should settle the question of whether negative rates are set to occur or not, and how this might affect borrowing in heavily shorted government treasuries, and of course gold:
The perils of releasing the repo rate
Posted by Izabella Kaminska on Aug 04 12:27.FT Alphaville speculated this week about the degree to which collateralised gold loan rates are more indicative of real repo rates - and of collateralised borrowing costs overall – than general collateral repo rates.
http://ftalphaville.ft.com/blog/2010/08/04/306206/the-perils-of-releasing-the-repo-rate/
The Goldman Sachs report with a gold forecast in an article by FT/Alphavile:
http://ftalphaville.ft.com/blog/2010/10/12/367506/gold-man-sachs-we-love-gooooooold/
Conclusion: Negative rates are a result of the onset of settlement- not only in heavily shorted sovereign bonds, but also gold futures. The same regime would be in equity swaps held against gold mining companies. The decline of the discount rate in the U.S., as well as a decline in money market rates in Canada will signal a highly motivated attempt to settle any outstanding naked shorts and equity swaps.
In The News-
Whitecap Resources 1:10 rollback
2010-10-15 20:38 ET - Rollback
Pursuant to a special resolution passed by shareholders Sept. 14, 2010, the company has consolidated its capital on a 1:10 basis and has subsequently increased its authorized capital. The name of the company has not been changed.
Effective at the opening Monday, Oct. 18, 2010, common shares of Whitecap Resources Inc. will commence trading on the Toronto Stock Exchange on a consolidated basis. The company is classified as an oil and gas exploration company.
Postconsolidation
Capitalization: unlimited shares with no par value of which 31,447,780 shares are issued and outstanding
Escrow: 4,308,644 shares are subject to escrow
Why I won't invest in Quebec:
GBN.V Weekly Chart
The weekly chart now has an overlay of the discount rate, but to be fair, should also include an overlay of Canadian money market rates, as both are important factors in how much naked shorting is going on. It cleans up some of the noise on the daily chart and shows that the last long term resistance is only a very small consideration away. The next pivot point after 38¢ is 56¢. Once 38¢ is left behind, that would be the next challenge for the stock:
-F6
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