drbubb Posted January 3, 2008 Report Share Posted January 3, 2008 According to Campbell Smyth: "GBS is (cheap- so cheap it is nuts). check it out" So I did, and i bought some yesterday. ========================== Weekly Chart ... update : daily Link: http://www.gbsgold.com = = = GBS is a high cost mine but the management just put in $8m at $1.30 in a pp + Management: ...is the old Lion Ore team, GBS has 25% management ownership + just went cashflow positive + GBS: Market cap $150m. cash at bank $20m + Production - 120,000oz, and Cash flow is just over breakeven at present + New resources coming, reserves being defined. reserve 3moz - all categories 4.5moz + Location : all australian projects + Overall: Mkt cap/oz $30/oz - seriously cheap I am most confident about the fact that it is the LionOre management running it and they own 25% personally. The resource estimate is straight from the CFO - it may be higher than the website as they are about to announce an upgrade Link to comment Share on other sites More sharing options...
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