Welcome To The Golden Band Resources HUB On AGORACOM

Saskatchewan's SECRET Gold Mining Development.

Free
Message: Charts & Comments

Rules Of Thumb

There are some rules of thumb that may guide you through investing in this gold mining company. Nobody to my knowledge has made even a half-hearted attempt to wade through the material available to form an objective opinion, it's just: 'nothing there.'

1. They cannot allow the company to go bankrupt, or just shut it down until more market-friendly times, they will lose the asset.(operations have continued during the shut down)

2. The managing consultants, who are all former directors, are the top people in mining, are also very adept at keeping secrets. They don't want anybody playing in their sandbox.

3. This is a world class mining asset, where all mines start at surface. The assemblage of deposits that form the Jolu mine and Star Lake mine and showings in the vicinity are strongly analogous to the Sigma-Lamaque mine in Quebec, and the Komis deposit is strongly analogous to the Dome mine in Ontario. These are only two deposits in a multiple ore site mining prospect.

4. They have used the Roy Lloyd mine as a cover for development of the Jolu and Star Lake mines and at the same time, a source of readily available ore. The Jolu Mine and Star Lake mine are simultaneously under development. This is where the bulk of the $172m. deficit was spent. The rest was spent on operations, refurbishments, and massive, unannounced drill programmes.

5. The balance sheet is preposterously absurd, and tantamount to a Defalcation.

6. The province of Saskatchewan is in desperate need of mining and will do everything to keep a mining prospect domiciled within the province.

7. Any deferred earnings(accumulated deficit) and monies spent on unannounced drill programmes are not taxable.

8. All costs are prepaid, and they haven't raised any capital or borrowed any money in years. There has haven't been any accounts receivable in years.

9. They have ZERO capital requirement.

10. The first phase of five years of commercial production is meant to be an EXPANSION project. Mallard Lake is bordered by ridges immediately to the South and North, the tailings facility can be expanded very easily to accommodate a 25-year project.

11. The transmission lines passing over the property were upgraded and are in operation and will be used by the expanded operation.

It would be thoroughly ironic should the cards finally be laid on the table that the shares have millions on the bid, but no offers, the reverse of the situation now where there's no bid and any amount of shares for the taking.

-F6

Share
New Message
Please login to post a reply