Great to see such indepth postings !
Something the market isnt pricing into GBM's SP is the company will be generating revenue from 3 sources in the 2008/2009 FY.
Maxwell Mine - Gold
ISG Project - Gold & By products
"The alluvial gold grade of all the present ISG targets is extremely attractive – especially given sale of the industrial materials associated with them is budgeted in all cases to pay for the stripping of overburden and all extraction and processing costs.
As a separate but necessary activity ISG will also manage sale of the Industrial by products from other GBM projects, such as the sand by product generated by the Maxwells Processing Plant at Inglewood.
Lets not forget the other areas that GBM will be mining in the years to come so this little co could have a total resource of 500,000+ oz meaning a SP well north of $1.00 over time .... scary but exciting at the same time !
Happy Punting !
significant sulphides, page-19
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