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Saskatchewan's SECRET Gold Mining Development.

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With the gold price floor in @$1600/oz. U.S., GBN.V is on the verge of obtaining 2 dollars return for every dollar spent.

During the depression of the 1930's, a figure of $8 - $12 spent and $20 returned was common for a small high grade mine, prior to currency devaluation.

The market is probably pricing in a 1P/E at this point, since the gold price decline thwarted any earnings expectations.

A huge drop in Chaikin Money Flow on low volume indicates selling into the bid.

supersize: http://www.flickr.com/photos/11747277@N07/6199903633/sizes/l/in/photostream/

stockcharts.com

More EP Zone

In order for the EP Zone to be plucked carried off by a glacier, you need a cirque. In the absence of a cirque formation of ice, a plausible explanation would be an allochthon. This suggests that the EP Zone was formed as a result of a low angle thrust fault, then carried off as a Klippe by the glacier.

We don't know exactly what the historical results have, but this seems to be the only plausible explanation. I could be totally wrong, so we'll just have to wait for the drill-off. It seems absurd that this same deposit discovered in the 1980's has to be drilled off 4 times to be deemed 'official.'

So I would be looking for a low-angle auriferous gold reef.


http://en.wikipedia.org/wiki/Allochthon

Article Of Interest

The following article on bootlegging is interesting, since dry reserves are seeing bootlegging of alcohol. I know for a fact that Red Lake mines operated by Goldcorp. are dry workplaces. Does the company have the same policy?

Regina Leader-Post

-F6

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