The Favourable Lie

'The favourable lie,' meaning not an untruth presumed to favour one outcome over another, but the preferable placement of your T with a direct line to your underpar stroke.

This describes what it might be like to invest in GBN.V at this point in time.

If I understand correctly, using the gravity circuit entails a certain number of days of production, which I believe is three days. Divide the sum total of high grade stockpile and low grade stockpile daily feed into the mill by the weight of the doré bar, and you get almost exactly 3.

350tpd X 14g/t

+

50tpd X 4.77g/t

15900 g. divided by the total 5138.5 will give you ~3.09, which means a slightly underweight bar.

It would be nice if they could produce such a bar daily, but the bulk sampled high grade and low grade stockpile are almost exactly in line with the results. You would need three gravity circuits working simultaneously to achieve the end of a daily ingot. So we are producing a doré bar every three days.

I assume once the concentrators are engaged, in addition to the gravity circuit, you would achieve a higher specific weight of the doré bar. If the doré bar ingot is poured in the same standard industry mould that would ostensibly produce a maximum 25kg bar, then the specific weight of the bar should increase, but that you would be producing a bar every three days.

In the meantime we await the outcome of the latest struggle in the bullion markets. The crocodile is your sell-side broker, waiting to eat you for breakfast and plunge your stock.

http://www.youtube.com/watch?v=XLYsdkmaHXw

Gold And The Global Monetary Base

Zerohedge maintains that gold prices are advancing due to the expansion of the global monetary base. Note that Statistics Canada is no longer reporting its monetary base!!

supersize:

source: http://www.zerohedge.com/article/guest-post-gold-bubble-think-again

Person Of Interest

Stuart Diamond

http://www.businessinsider.com/stuart-diamond-negotiation-tips-2011-1

-F6