Bonjour sbjc and welcome to Gold Bullion Development Corporation. Up until there last news release their land position was approx. 2 klms wide and 7 klms long, now that it is doubled to give us picture, their mineral claim block is 4 klms wide and 14 klms long. We don't know which way or shape of the new land position, but we know it will have hugh potential.
I believe they still have some cash from their last pp and will need to do another pp to fund the next drilling program. I think managements plan will be to announce the next assays soon and get the share price much higher and then do a pp. They will have financing peolple coming to them. Jordan Capital who did the first pp and has bought over 6 million shares in the market since the pp and continue to buy shares of GBB. and sold sold only 700,000 shares.
I don't believe there is any drilling going on at the present moment, however as Frank Basa states in the news release..aggresive phase 3 drilling program very soon.
In my opinion GBB would raise approx. 6- 8 million dollars and drill anywhere from 40,000 to 60,000 metres. I am not to familiar with the drilling and costs aspects of the business. I can see 3 to 4 rigs drilling on site 7 days a week to get the story out as soon as possible.
I know that Quebec has very good gold history in past and is still proving to be a world class gold producer today and with what GBB is unfolding another claim to fame..!!!
sbjc, I know you will be pleased with your investment and as a investor, if the share price does drop a bit...buy on dips. Your entry level was a smart one.
All the best to all longs.
mintaka
