Global Gold Corp. (GBGD)

[BMAV]

GBGD FRAUD? Tukhmanuk Mine is DEAD!

In 2015 the company announced that their "contract" miner, Linne Mining, who was hired to put the Tukhmanuk Gold Mine in Armenia in to production walked away and is demanding over $3 million in payments. Global Gold Corp did not disclose the reasons.

From my research and analysis, It appears the reason that Linnw Minnig walked away from the Tukhmanuk Gold Mine project, was because the data provided by GBGD and used to build the mining plan, is invalid, if not fraudulent.

My analysis is supported by the following 2 documents (see links below) which I discovered posted on the internet. These documents indicate that the data set is suspect and that the data used in the 3D resource model was invalid. (i.e. fraudulent)

See:
http://www.geo-logaritmica.com/2dataSets.pdf

http://www.geo-logaritmica.com/WHAT_IS_WRONG_WITH_RESMODEL.pdf

The data indicated that GBGD's Tukhmanuk Gold Mine can only recover about 60,000 oz of gold over 5 years from the stated 2 million oz of resource that it has published.

The GBGD, Tukhamanuk Gold Mine appears to be dead.

Read more at: GBGD Announces Toukhamnuk Mine in Armenia "Delayed"... Is this the end of GBGD?