via BNN.ca Alice Tsang

It might convenience GBN.V shareholders to take in the comments of Alice Tsang on her Top Pick #3, Strategic Oil & Gas. @3:50

The position of GBN.V is very similar in the resource sector, where she states that this oil company only has 10% of the resources on the books.

GBN.V is no different in that regard, where there has never been a global resource published. It aught to be very similar with GBN.V, that they only published a percentage of known resources. That taken into account, and the fact that production will likely increase 50% (Komis,) and then another 50% (Golden Heart.)

Of course, we have no way of knowing, because the facts are purposely being withheld on all aspects by the company. How long these shenanigans will continue is anyone's guess.

http://watch.bnn.ca/market-call/november-2012/market-call-november-23-2012/#clip812983

I had occasion to speak with someone who used to fly into and out of the La Ronge Gold Belt in the 1980's, who is a disappointed investor and thinks its absolutely crazy to invest in this development, simply because the stocks all failed from that time. GBN.V didn't. It was the sole survivor.

The reason they failed is that the profit margin, grades and deposit size were apparently insufficient to raise capital. (I would say that the Seabee mine is proof that a mine can be implemented during a triple waterfall crash in gold prices.) Of course, every resource estimate of the time is focussed on open pit scenarios when the deposits actually require shrinkage stoping, which will not get miners out of bed in the morning.

You couldn't convince anyone that gold exists in Saskatchewan. There's no point in trying.

-F6