via Terraserver - 56.219373, -103.783507

The update over the Waddy lake prospect of the SAT photo also included an update over the Golden Heart deposit. You can see what the company was lying about through this update.

The Golden Heart prospect is a viable gold mining prospect which now has been bulk sampled and looks to have a shed over the mine portal, or a shed for equipment. Instead of open-pitting the deposit as the company has stated, they actually bulk sampled the northeast end of the deposit and may have created an adit for the commencement of underground mining. From the looks of things,they will probably have an underground operation similar to the Roy Lloyd mine, where they open pit the top of the deposit and the rest of the operation is underground.

This is exactly the same lie they told about open pitting the Komis deposit, which was never open-pitted and all of the operation was underground in the EP Mine.

No upgrade to the road is visible, as the company has stated that a lot of money went into upgrading the road. Instead, if you will remember, significant amounts of capital went into expanding the underground of the Jolu and Star Lake/Fork Lake mines, the evidence for which you can see the burgeoning wasterock stockpile which was placed directly over the EP Mine.

http://bit.ly/2a08G62

via CBC - CIBC Sells Negative Yielding Bonds

You have to wonder why a gold mining company would put itself into bankruptcy court with all of their viable prospects, almost entirely de-risked with no debt, when the Banks are selling negative yielding bonds. A gold mine is like a bank that digs up real money, while the banks are involved in patently defrauding their clients, with no gold to speak of in their vaults.

People maintain that gold mining companies are patently defrauding investors, while they posture to maintain the sanctity of the banking sector. Gold mining companies make the airline sector look really good, however.

The obvious advantage is that the gold mine is presumably the yielding asset.

http://www.cbc.ca/news/business/cibc-negative-yield-bonds-1.3685259

via Wikipedia.org - Bottom Of The Harbour Conspiracy

Is there a Bottom-Of-The -Harbour conspiracy to avoid paying taxes at GBN.H?

https://en.m.wikipedia.org/wiki/Bottom_of_the_harbour_tax_avoidance

Or is GBN.H involved in creating a Phoenix company?

https://en.m.wikipedia.org/wiki/Phoenix_company

Or perhaps we have a Strategic Bankruptcy?

https://en.m.wikipedia.org/wiki/Strategic_bankruptcy

Or maybe the assets expropriated for physical precious metals trusts was a Fraudulent Conveyance?

https://en.m.wikipedia.org/wiki/Fraudulent_conveyance

The company will have great difficulty defending itself against appropriate questions under the circumstances.

-F6