Mintaka I have just copied the same post. lol Now what do I do with it? Post it on the GNH forum? I can't do that so a repost. Sorry guys

for all newbees and all who ask silly questions, i will respost this sometimes:
Key Facts: Market Cap about 40million
Location: Best Mining District in the World - Quebec
"analysts" recommending:
Bull-Market-Run : http://www.bullmarketrun.com/
Coffin Brothers: http://www.hraadvisory.com/
Recent Insider Selling: None
Recent Insider Buying: YES through latest PP check: http://www.canadianinsider.com/
Debt: None
Cash: 4.2Million
FAQ:
1)How to know this is / will become a valuarable deposit
Answere: by comparison
just checked back in Osisko`s NEWS Archive and found their PRE-NI43-101 estimate for Marlatic:
...
Canadian Malartic property has outlined a gold mineralized system that offers a potential for approximately 100 million metric tons grading between 1.00 g/t and 1.35 g/t Au, yielding a potential resource of 3.2 to 4.3 million ounces gold. The potential quantities and grades reported above are conceptual in nature and there has been insufficient work to date to define a NI 43-101 compliant mineral resource on the property. Furthermore, it is uncertain if additional exploration will result in discovery of an economic mineral resource on the property...
Full NR: http://www.osisko.com/en/press/2005/09/08/63/osisko-outlines-gold-potential-at-malartic.html


--> OSK had done more drilling than GBB to make this etimate!
AFTER this NR OSK exploded as you can see in the 5 Year Chart!
http://www.stockhouse.com/tools/?page=/FinancialTools/sn_overview.asp%3Fsymbol%3DT.OSK%26table%3DLIST

at a time gold was much much much lower.


NOW COMPARE:
...potential resource of 2.4 to 2.6 million ounces is derived from an average of 55 million tonnes (using a 40 to 100 metre true thickness gives 30 to 80 million tonnes respectively) of potential gold mineralization at a specific gravity of 2.65 tonnes per cubic metre grading 1.38 g/t Au to 1.46 g/t Au (a 15% dilution factor was applied to the bulk sample grade of 1.62 g/t Au and a weighted bulk sample/waste pile grade of 1.72 g/t Au). These potential dimensions, quantities and grades are conceptual in nature and there has been insufficient work to date to define a National Instrument 43-101 compliant mineral resource on the property....
Full NR:
http://goldbulliondevelopmentcorp.com/html-pages/downloads/news-releases/2010-04-22PressRelease.pdf

2) Is the avarage grade worth Mining?


Yes: please compare to Aura Minerals for example, they have 3 producing gold mines ( recently aquired from yamana gold for 200+million) with less than 1g/t avarage grade: http://www.auraminerals.com/


-->under cartain cerumstances you could even mine 0.2g/t without by products, all depends on host rock, depth etc. pp.


3) What yould a fair value be at this time?


again compare:

this NR is much more sigificant as most of you might realize:
the best way to find out what a deposit might be worth is the comparizon to a other one which is in the same country and was taken over by a major not to long ago.
I will compare GBB to Brett Resources- Brett recieved a takeover offer by OSK of 330million
Brett`s harmoond reef has 6.5million oz gold - no by products - with an average graded of 0.8 gramm, the capex is very very high with 772million dollar. there are no other significant projects for brett.
Let`s now take a look at GBB:
please see this map while continue reading:
http://goldbulliondevelopmentcorp.com/html-pages/downloads/presentationUTMPRESENTATION.pdf
if you would apply the same paramenters to the area drilled, but outside the block model zone you end up with about 3,375.million oz Gold (the area extends about 35% 2.5*1,35=3,375). not seaking about the blue sky potential with additional drilling. we also might be able to add sigificant by product credits.
--> almost certain 3,375million oz of gold is there already. this is half of Bretts resources but with a much higher average grade 0.8 vs. 1.45 g/T
330million takeover for Brett divided by 2 = 165
okay Brett has NI condirm resources but there are a lot of advantges to Granada compared with brett`s deposit, so i`d say we can use this number here for comparison:
1. Grenada is in the best mining area in the world -- Quebec
2. Grenda won`t have such a high capex, remember Brett`S CApes is 770million, GBB in my view will have not half of it, since infrastructure is in place.
Please take look at Brett`s presantation to understand:
http://www.brettresources.com/s/Presentations.asp
to explain my idea of 1$ per share current fair value:
taking 164million for half of Brett`s deposit (full 330million is what OSK paid)
since gbb does not have confirmed their resource with a NI report yet
i`ll discount this and apply 164*0,6= 99million
this in the minimum. still blue sky from here: might be a 5 million oz deposit, we don`t know yet how much gold is there!
-->about 1$ share for GBB`S Granada
greetings from germany
ANY QUESTIONS LEFT?
Greetins from germany