I bought a good amount of GBG in the early first half. For a long time nothing happened to the SP and I wondered why on earth the SP behind such a fantastic project with all the success criteria satisfied just stalled. As I tracked each milestone, I kept my faith because the fundamentals are absolutely brilliant.
I stuck with it and never looked back. The market and the fund management community is now starting to embrace GBG. As more do, more will climb on board.
Perhaps $1.5 by ear-mid 2010 is within reach.
As the commodity froth thickens in the next couple of years, I conservatively predict a $3 SP. If resource/reserve upgrades coupled with further exploration success other than Karara, then the SP would be worth even higher IMO.
GBG Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
