Conclusions

A huge contributing factor to weakness in the stock is the presumed short life span of the mine. The mine is obviously set up to function for a short time span, and then abandoned. This was the status quo in the 1980's, where mines were operated for a short time to take out the ore shoot and leave the rest. This may have destroyed what are otherwise actually excellent mining prospects.

The management of GBN.V see the gold price as 'too high' or unsustainable, imo and are not forward-looking enough. Their mindset is no different that what you can gather in the technical reports or from completely out-of-favour experts. Paul Van Eeden is an example of this type, still looking for uranium to provide returns after a major meltdown and disparaging gold.

This has led to massive, manic over-dilution of the stock, and unnecessarily so.

Once the market realizes that the mine is set to produce for an extended period, as say, the Seabee mine, along with a robust overall grade, and that several sources of ore are available, then the share price will obtain fair value. Claude Resources went through the same gauntlet.

Secretiveness casts a shadow over the stock, since information is not exactly forthcoming to shareholders.

-F6