Gold Bullion Development Corp. (TSX-V:GBB)

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Re: Gold Bullion Development Corp. (TSX-V:GBB)

Postby JIMBOWEN » Tue Apr 03, 2012 10:05 pm

Pix - I'm taking the same view. Early days but looks like it will be a mine and it's in the best mining jurisdiction in the world. $30m market cap seems too low
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Re: Gold Bullion Development Corp. (TSX-V:GBB)

Postby Rosco » Wed Apr 04, 2012 12:28 am

Pix - here's a post from SH that looks at the minings costs a little closer.

RE: RE: My conclusion and calculation

naeden991
4/2/2012 2:39:36 PM | | 304 reads | Post #30892720


The difficulty in lowering the cut-off grade will be in coming up with a lower processing cost per tonne. Based on their $16/tonne cost, an incremental ounce of production at 0.4 g/t would cost $1322/ounce just to process (excluding the mining cost). ($16/(0.4/31.1*94.1%)). A cut-off of 0.3 g/t would cost $1760/ounce just to process.
Based on the total cost of $29.30/tonne, mining cost of $2.00/tonne and processing cost of $16.00/tonne, I calculated an implied strip ratio of 5.65 tonnes waste:tonne ore and cash costs of $880/ounce. The strip is high relative to Osisko's 2.28 - however, this should come down if the cut-off is lowered.
The key will be to increase the size of the mill they are assuming in order to reduce processing costs. For reference, Osisko has a mill cost of US$5.66/tonne and recoveries of 85.8% and use a cut-off of 0.3 g/t. Incremental ounces at those assumptions cost $684/oz (or $1026 @ 0.2 g/t).
I assume the second 43-101 would look at trade off studies to increase the size of the assumed mill, thereby decreasing the cut-off grade. I wouldn't expect anything below 0.3 g/t though, based on Osisko's numbers.


So C$29.30/t is not the killer it seems at first glance. Hopefully the second RE will bring more clarity.
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Re: Gold Bullion Development Corp. (TSX-V:GBB)

Postby Pixel8r » Wed Apr 04, 2012 7:11 am

Rosco wrote:Pix - here's a post from SH that looks at the minings costs a little closer.

So C$29.30/t is not the killer it seems at first glance. Hopefully the second RE will bring more clarity.

Thanks for the info Rosco. :)
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Gold Bullion Development Corp. (TSX-V:GBB)

Postby JIMBOWEN » Mon Jul 09, 2012 8:28 pm

Preliminary Results from the Deep Hole Program Confirms Extension of Gold Mineralization 800 Metres Down Plunge and 900 Metres Vertical Depth
Gold Bullion Development Corp. GBB
7/9/2012 9:47:00 AM
Preliminary Results from the Deep Hole Program Confirms Extension of Gold Mineralization 800 Metres Down Plunge and 900 Metres Vertical Depth

VANCOUVER, July 9, 2012 /PRNewswire/ - Gold Bullion Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce preliminary drill results from holes and wedge holes located to the north of the existing mineralized area of the Granada Gold Property. The subject property is located along the prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.

Frank Basa, Gold Bullion's CEO, is very encouraged by results that consistently demonstrate the presence of widespread significant gold on the Granada property. Hole DUP-12-02 intercepted 4.15 grams Au per tonne over a 3 metre core length at 615 metres and 4.58 grams per tonne Au over 3 metres at 995 metres depth.

The drill plan initially called for three deep holes with one wedge in each hole and commenced with hole DUP-12-03. Due to excessive deviation, this hole was subsequently abandoned at the 400-metre level. Hole DUP-12-03A, located 400 metres NNE (12 degrees North) of hole GR-11-390 was drilled just 25 metres to the west of DUP-12-03 and down to a depth of 1,323 metres. Three wedge holes W1, W2 and W3 were put into DUP-12-03A.

Hole DUP-12-02, located 830 metres NNE (24 degrees North) of hole GR-11-390, was drilled down to 1,593 metres with one wedge hole added, W1.

Due to the success of DUP-12-03A, DUP-12-02 and the associated wedges, (observation of visible gold and typical alteration zones) and in conjunction with the observation of visible gold in the western extension holes GR-11-375 and GR-11-363 in the backlog program, the drill was reassigned to the western extension to further evaluate near surface mineralization and hole DUP-12-01 drilling was temporarily put on hold.

The following table contains the highlights of the preliminary results. These additional gold fire assay results continue to demonstrate low grade, high tonnage, near surface intersections while also confirming specific high-grade zones at depth with thickness and grade suitable for underground mining.

Gold Bullion Granada
Highlight of partial results
Hole From (m) To (m) Length(m) Au g/t
DUP-12-02 607.50 610.50 3.00 4.15
including 607.50 609.00 1.50 8.23
DUP-12-02 992.50 995.50 3.00 4.58
including 992.50 994.00 1.50 9.13
DUP-12-03A 660.00 662.50 2.50 1.38
including 661.00 662.50 1.50 3.21
DUP-12-03A 906.00 909.00 3.00 2.07
including 906.00 907.50 1.50 3.58
DUP-12-03AW1 904.50 907.50 3.00 0.82
including 904.50 906.00 1.50 1.21
DUP-12-03AW2 660.00 663.00 3.00 4.12
including 661.50 663.00 1.50 8.12
DUP-12-03AW2 786.00 789.00 3.00 2.34
including 787.50 789.00 1.50 4.44
DUP-12-03AW2 814.50 817.50 3.00 2.04
including 816.00 817.50 1.50 3.13
DUP-12-03AW2 906.00 909.00 3.00 1.40
including 907.50 909.00 1.50 2.50

GR-11-358 4.50 15.00 10.50 0.53
GR-11-358 149.00 339.65 190.65 0.39
including 149.00 170.00 21.00 1.19
including 149.00 150.50 1.50 6.38
including 165.50 167.00 1.50 3.86
including 237.00 246.00 9.00 0.86
including 271.50 279.00 7.50 2.61
including 328.00 339.65 11.65 0.80

Core length close to true thickness

Blanks and standards were inserted into the sequence at the QA/QC Laboratory while the 50-gram fire assay results were provided by Accurassay Laboratory prepared in Rouyn. Fire assays were conducted at their facility in Ontario.

Frank Basa, Gold Bullion's CEO, is pleased as results continue to demonstrate the presence of widespread significant gold on the Granada property in support of the hypothesis encompassing both a low grade near surface mine and a higher grade underground mine.

Claude Duplessis, Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.

About Gold Bullion Development Corp.

Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Québec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.

"Frank J. Basa"

Frank J. Basa, P.Eng.
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE Gold Bullion Development Corp.

PR Newswire
July 9, 2012 - 9:47 AM EDT
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Re: Gold Bullion Development Corp. (TSX-V:GBB)

Postby JIMBOWEN » Wed Dec 19, 2012 2:11 pm » Google Chrome chromefr Google Chrome chromefr  Windows XP Windows XP  Screen Resolution: 1280 x 1024 1280 x 1024

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Re: Gold Bullion Development Corp. (TSX-V:GBB)

Postby Pixel8r » Wed Dec 19, 2012 2:30 pm » Safari 6.0.2 Safari 6.0.2  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

I got bored with GBB and sold out at a loss. :(
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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