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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: I_C_Deadpeople who wrote (30054)	7/9/2004 12:50:51 PM
From: russwinter	Read Replies (1) \| Respond to of 39344

GBU is a real enigma, probably the best undeveloped deposit in the world, and in the top quintile cost wise. I think if they did a new feasibility and were able to attack Frasin and the satellite targets more, they'd pick up a couple million oz to add to the 10 million. There is 131.2 million out, the 12.9 options are way out of the money, and the wts issued are now expiring. So at 1.40 CDN, the mkt cap in US$ is only $140 million, take away their remaining $15m cash, and the enterprise value is only $125 m. Go figure?