Just happened to be looking at some of the estimates from the...

Just happened to be looking at some of the estimates from the BAB scoping study and the GRY feasibility study, and was struck by some of the similarities.

shares on issue
BAB 310m
GRY 350m

Resources
BAB 3.2 million ounces (2.1 Indicated)
GRY 2.0 million ounces, all inferred.

Processing targets
BAB 7.5 mtpa for 230,000 ounces per annum
GRY 3.5 mtpa for 200,000 ounces per annum

share price
BAB 25 cents ??
GRY $1.20

Location
BAB Coolgardie
GRY Burkina Faso

cash in bank
BAB $20 million
GRY $80 million

Estimated cost to production
BAB $350 million
GRY (could not find an estimate for this)

Average grade
BAB 1.25 g/t
GRY 2.50 g/t

Comments:

GRY is a market darling supported by some important and prestigious institutions, is doing very well, and rightly so.

Promoting BAB in a professional way, to these institutions (when BAB lists), will be an important task.

Finding the right MD and CEO to undertake these tasks for BAB will be critical.

Finding supportive financial institutions will be critical to BAB.

The BAB team, when they are formed, could learn a lot from GRY, and might consider using the GRY model as a template.

When BAB lists, a 25 cent share, has the potential to appreciate by more than 500% within 2 years, to approximately equal the current GRY value (bearing in mind that GRY has recently come down from $2).

It is now all up to the board and management of BAB (coming to a screen near you in March/April 2012).

Gw

One man's ceiling, is another man's floor.
(Paul Simon)