$ONE:GBN.V Weekly

GBN.V reciprocated went to extreme highs today, 33.33. For a presumably short-lived low, this has been one very long agonized one below 4¢.

A small buyer at market touched off an immediate buying surge, but the price moved very little, only 1/2¢.

The only people that appear to have complete control over their circumstances are the sell-side brokers.

Assuming full production from three mines, and parsing the poor grammar of the "fact" "sheet," they say that Komis will produce 650tpd. Add to this Lloyd production of 150tpd @15g/t (see Q3 report), and you get 800tpd. Assuming that the ball mill is actually 1000tpd capacity, and Golden Heart actually produces a stated grade of 9 g/t then the result you get is roughly 100k oz over the year. Assuming that costs are in line with the PEA, and Q2 + Q3 fiscal 2012 results before the drastic curtailment of production, costs should be ~$674/oz. (costs aught to be much less, because the ore has already been mined and depreciated from earnings) UBS has stated that they view the average gold price for 2013 as ~$1700/oz.

That would mean roughly 24¢ per share not fully diluted after taxes, or roughly ~20¢ fully diluted.

But at present meaningful production is curtailed and has been this way since February, 2012.

http://scharts.co/ZRkUNV

-F6