unbelievable value, page-23

Lenni, their new analyst is a complete loss, in my opinion. If you can look at a company like GBE which has gone from no resources to an arguably world class/giant resource in Nb-Ta and slash your price by 50% then clearly the more resources GBE finds and the more work they do toward proving the economics of the deposit, the less we ought to pay for them.

Seems to be the M.O. of this guy to dilute 100% with equity - apparently no one can borrow money for financially sound investments these days - assume continually shrinking revenues and increasing costs - the hallmark of a world heading for instant recession - and finally to arbitrarily decide that what was a fair value before is now ridiculous.

Arguably, GBE's value may have been staked a lot on uranium and even then it looked cheap and tightly held. Now uranium isn't all the rage, perhaps a readjustment of target prices is worth considering. However, GBE has replaced the uranium possibility with a niobium likelihood. It has replaced a tough uranium value proposition with a much healthier and simpler niobium revenue possibility.

To my mind, this would require at least SOME justification for re-calculating your targets.

However, we must also realise this guy has also done some murderous dilutions and stupidity elsewhere. He is clearly ignorant of AXO's reality - I've heard tell he thinks the deposit starts at 500m depth because he read one release and didn't scan the cross section properly - and he probably doesn't understand smecialty metals, minor metals and certain commodities - else he'd be into ARU like a pig in shnitzels.