Agoracom: Small Cap Investment - Golden Band Resources - Re: Its Been A Year

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Saskatchewan's SECRET Gold Mining Development.

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Fran Six

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Re: Its Been A Year - Rubicon Brutally Dilutes

in response to

Re: Its Been A Year - Sean Boyd

Fran Six

posted on Feb 16, 2012 01:34PM

RMX Dilutes The Shareholders

We'll see how the Phoenix project develops in the Red Lake Camp. The share valuation gives you pause to think why GBN.V is perhaps 10X undervalued.

They do not list the fully diluted float on their website. You would probably have to sort through SEDAR filings to get that number.

They will absolutely have to continue diluting the shareholders in much the same way that Lakeshore Gold or San Gold has, since very likely they will have exagerated their grades and widths.