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Re: billg711 post# 457

Tuesday, 08/08/2006 4:48:14 PM

Tuesday, August 08, 2006 4:48:14 PM

Post# of 14330
bill, that is a very intersting commentary from BI. I can understand his frustration with the company given all the delays, but things are finally coming together. Granted, production is still a few years off, but it should be an exciting few years. The prize is finally in sight, and we finally have decent management.

Given the potential of the 2 projects, GBN remains one of the most under valued gold stocks I own. My calculations account for the discounted value of earnings that will be a few years away. Even when discounting 14% per year, and assuming earnings in 2010 for Hollister and 2013 for Burnstone, GBN is still a value.

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