I can give you a personal example of how that thought train does...

I can give you a personal example of how that thought train does not always work (ie. that because production and other tasks along the way are some years away that the stock won't do anything - like go up).

I was in FMG at 30c with 70K of them. I sold out at $2.80 on the basis that they had done all they could for now, all good announcements and approvals were in place and it would take a couple of years to get to production. How wrong was I!

Not saying that GBG if going to be an FMG but do believe in their medium term potential. Won't be selling out of GBG unless something really changes in a negative way to warrant a reassessment.