General Discussion Topics, page-2714

Well said Von.

GBR is undervalued for sure IMHO. I’m looking forward to the next MRE update as it might crystallize the value on offer in GBR.

The high grade ore is what commands the market cap. SMI have 1.3MOz at 5gpt Au, all open pittable.
GBR have 0.33MOz at 5gpt Au mostly open pittable.

If GBR get that high grade core closer to 1MOz at 5gpt Au, then I’d expect GBR valuation around $120 to $150m in this crappy market, perhaps doubling again as the world pulls through it’s current spot of economic bother.

SMI were not very good with the promotion either, but since they got to 3mOz, they are now covered by the big mining brokers. That will come for GBR as the resource increases.