This report is from a *.My apologies for previous...

This report is from a *.

My apologies for previous attempts at posting, not sure about the regulation on posting from another webpage.

From *:



New Ideas: Buy gold and holdGreat Boulder Resources (ASX:GBR) is a Western Australian based gold explorer led by exploration manager and geologist Daniel Doran (I think Due Diligence was his real name but Dan Doran seemed a better stage name; I would have gone with Bobby Darin, after the great singer).It’s about to commence an aggressive RC and diamond program at its 100% owned Side Well and recently acquired Gnaweeda Projects near Meekatharra in the northern Yilgarn Province. The company has just come out of a trading halt after raising $1.5 million at 8.2 cents ahead of a 1:10 rights issue to raise $3.5 million on the same terms.



The projects (figure 3) are situated not far from Westgold Resources’ (ASX:WGX) Bluebird mill (1.6Mtpa) and Superior Gold’s (TSX.V:SGI) Plutonic mill (1.8Mtpa). The company has outlined around 66.2Mt @ 2.6g/t gold for 518,000 ounces and believes it is well on its way to 1Moz.Meekatharra, as the * faithful know, has been a prolific producer with past production of around 4Moz of gold and remaining resources of around 2.8Moz.There are a number of highly prospective prospects within the tenement package including Mulga (figure 4) which has returned multiple high-grade hits including;14m @ 36.12g/t Au from 91m incl. 3m @ 149.89g/t Au from 91m15m @ 35.82g/t Au from 88m incl. 6m @ 83.58g/t Au from 92m8m @ 54.60g/t Au from 120m6m @ 39.15g/t Au from 101m incl. 3m @ 74.51g/t Au from 91m5.9m @ 39.37g/t Au from 84.3m incl. 3.6m @ 63.79g/t Au from 85.4m13m @ 25.50g/t Au from 96m, incl. 4m @ 76.9g/t from 100mYou can see a bit more merger and activity around the Meekatharra region and I think GBR could be front and centre of that if it can deliver on its 1Moz JORC Resource target. At a market capitalisation on just under $40 million, yet another good quality WA gold explorer to accumulate as we prepare for a golden year here in the West.



At RM Corporate Finance, Guy Le Page is involved in a range of corporate initiatives from mergers and acquisitions, initial public offerings to valuations, consulting, and corporate advisory roles.He was head of research at Morgan Stockbroking Limited (Perth) prior to joining Tolhurst Noall as a Corporate Advisor in July 1998. Prior to entering the stockbroking industry, he spent 10 years as an exploration and mining geologist in Australia, Canada, and the United States. The views, information, or opinions expressed in the interview in this article are solely those of the interviewee and do not represent the views of *.* has not provided, endorsed, or otherwise assumed responsibility for any financial product advice contained in this article.