Conclusions-

What are journalists and the market as a whole missing?

1. With revenue based financings (unheard of in the resources sector) there is a large expectation of growth. LARGE EXPECTATION OF GROWTH.

2. The amount of gold they intend to mine to fulfill the revenue based financing is at least equivalent to the sum total of the deficit incurred, perhaps 25% of the total revenue envisioned. The only taxes paid are on the Cost Of Revenue. GBN.V tally so far: $300m. Drawing from stockpiles does not necessarily increase these values. Cost Of Goods Sold may be exact, but will be completely erroneous in light of Revenue Based Financing and is not a valid assumption.

3. The market is focussed entirely on capital raises through share sales, or selling the company to a larger player, and does not fathom that a squeeze out even exists, or that the company in an isolated location can claim a shut-down with nobody the wiser, while under full production. Market pundits for the resource sector recall a time from 10 or 15 years ago, or have an interest in dissuading any notion of a squeeze out.

4. Gold companies NOT involved in a revenue-based financing are the worst choice to make in the onset of a severe financial crisis, because they are depending on an adverse market to raise capital.

5. For your position to survive, you need to be in the top 50 shareholders and a beneficial shareholder. (not entirely sure what that entails)

-F6