GBN.V vs. $Gold Monthly

I had to go through my pricing of GBN.V vs. Gold once again, and found that with the low of 10¢, all of the multipliers fit nicely into the chart.

An average value of GBN.V shares against gold over the life of the company would be 15X the low. With full utilization of the mill however, you can assume higher multiples.

An hypothetical bankable feasibility study and a new mill would completely change game here without any further dilution beyond outstanding warrants and options.

Just that no information is available on how much addtional ore the mill can carry now, or whether they intend to reduce lower grade feed from elsewhere and introduce higher grade feed from Golden Heart. The impression I am led away with is that Komis is to provide 500tpd, and Lloyd 150tpd. Perhaps it's meant to be Komis 400tpd, and Lloyd and Golden 150tpd each.

Also, no mention of stockpiling, though the EP Zone is probably providing a source for stockpiled material as they are clearly low-grading out of below cut-off grade material. imo, ore sources and stockpiled material can easily provide for the next two years of full mill utiilzation or more, during a construction period of an hypothetical mill.

The one thing that should not escape anyone is that both Komis and Golden Heart will have new compliant resources tabled soon.

There are hundreds of thousands of shares on the bid now when tax loss season should have been well over since several weeks. A $25k investment here could be worth a million eventually, if the share price catches up with the gold price.

http://scharts.co/OyXFEJ

-F6