10 mio cap with 5mio revenue

After digesting the cash flow activities & prvious announcements it certainly looks like the market is still to get a good handle on the potential of GBM going forward !

I have summarised some of what i think are the more important components of their Cash Flow Activity report on Friday.

- Gold production to start in Mar 2008 with Revenue for the period ending JUn 2008 at $5.0 mio (only 1 quarter) with this to grow significantly higher in the following
2 years.

Lets assume that Maxwell is producing 20,000 oz per annum for say a lifespan of 10 years that would in turn tell us that the resource is likely to be around 200,000 oz ! without including any other assay results!

- GBM's aim is to reduce the current portfolio from 9 projects to 5 These sales should in turn create 1 off revenue for the Company whilst enabling great focus on the current portfolio.

- The ISG project is an intesting one aswell as this could enable profit generation from 2 avenues
- Gold producing (albeit small) & Gravel sales contracts
If we make an assumption of say 1 oz per tonne of gold production from the GS & in turn have say 50,000
tonnes of gravel - do the no. on both gold(A1000 oz) & gravel(say $100pt)

We all await the JORC to really get a handle on the Maxwell resource as having 3 diffenerent drives makes it all guesswork at this stage !