What The Company Is Saying

The company is back into its rut of providing an outlook for a make work project and beard growing competition for geologists. No bank in their right minds would finance so limited a project, the company is actually saying in so many words that no project startup will occur until the regulatory approvals are in place. What is required is for the company to have Environment Canada recommend to cabinet the approval of the TMF over the heads of the DFO.

They are very adept at minimizing the outward aspect of the project they have in mind. If they had been able to realize their goals, we would be seeing several mines under development simultaneously, while the mill is upgraded to the max. This is what shareholders should expect, but we are given the absolute minimum, and some short-sighted, weak kneed hapless mine plan.

imo, the company has withheld material information from the shareholders, and I point to the Komis deposit as my example. The following illustration is the very best example of what I'm trying to suggest, since we haven't ever seen these diagrams before, and the certainly don't appear in the technical reports.

So what the shareholder is expected to be satisfied with are the diagrams which detail for us the forward looking plan without mentioning what the intent is within company presentations. The 0.5gm cutoff grade for the open pit was entirely imaginary, only the underground model works in this case. Once the miners become adept at taking on narrow vein mining, you can expect the grade to exceed the former head grade of 7g/t.

Komis, by itself could easily contain a million ounces and go to the very technological and economic limit of mining as we know it. But you wouldn't get that impression from reading the presentation. This mine will come into its own once the stopes are taken down past 400m. That's six years of production. Note also that Birch Crossing is almost twice the strike length of Komis (175m.) and has the very same multiple vein structure. Bingo, by comparison, is 3X the size.

Slope Of Hope

The Slope Of Hope blog had a posting this week with an elliot wave analysis detailing a trend reversal scenario with an hypothetical 15min chart of an elliot wave count.

http://slopeofhope.com/2009/11/projecting-reversals-by-mortie-at-boston-wealth.html

Matching The Daily Chart With The Weekly Chart

The daily charts and weekly charts should match, so I present the following continued inverse head and shoulders scenario in the daily.

Weekly Chart

http://stockcharts.com/h-sc/ui?s=GBN.V&p=W&b=5&g=0&id=p27367996988&a=174999494&listNum=2&listNum=2

Daily Chart

http://stockcharts.com/h-sc/ui?s=GBN.V&p=D&yr=3&mn=0&dy=0&id=p03292940368&listNum=2&a=118725785

New Entrant Into the LaRonge Gold Belt

There's a new entrant in the La Ronge gold belt, KMI.V

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:KMI-1661145&symbol=KMI&news_region=C

That makes five now competing in the La Ronge, Masuparia(MAS.V), Wescan Gold Fields(WGF.V), Killdeer(KMI.V), and Norsask.(privately held) and GBN.V.

Weekly Analogous Gold Chart

On our weekly analogous gold chart, the RSI is well into overbought territory, and the count on the number of weeks two years ago would match precisely. That means that there is a possibility of six weeks' worth of sideways trade coming up in the gold markets, once the RSI comes off its high.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p34298577235&a=156853006&listNum=2

Armstrong's Letter

A very strong history lesson of gold during the long depression.

http://www.scribd.com/doc/22417671/GOLD-5000-11-11-09

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