GBZ 0.00% 0.8¢ gbm resources limited

17m at 317.4g/t Au, page-11

  1. 5,002 Posts.
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    Not doubting you about this but is there any long sections/plans which currently show depleted parts of the different ore bodies with accurate outlines of underground stopes and current info about actual open pit limits? I had a look on the GBZ and earlier AIS announcements but its difficult to get a firm handle on what is still there at Twin Hills and what has already been mined.

    One thing we do know for sure is that Twin Hills has a history of "disappearing ounces" where mining enters some areas and the grade and continuity is found to be absent and the proven resources have to be significantly downgraded.

    As per what happened to these guys:

    disallowed/business/bma-gold-runs-out-of-reserves-and-money-20070130-gdpcrc.html

    Agree with others statements that this entire mineral field has had a disjointed and suboptimal ownership without any economy of scale, now that GBZ has many deposits available to it this will hopefully work out for them if metal prices and exchange rates behave themselves.
 
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