Golden Band Resources is a Saskatchewan-based publicly-listed company on the TSX Venture Exchange (GBN: TSX-V) and on the OTCQX(GBRIF). Golden Band is Saskatchewan's newest gold producer.

Since 1994, Golden Band has assembled a land package, through staking and strategic acquisitions, of more than 875 km² including 12 known gold deposits, four former producing mines and a licensed gold mill. In addition, Golden Band Resources has obtained an amendment to the Sched 2 of the MMER act for the purposes of long term tailings impoundment.

Golden Band is focused on systematic targeting of primary to advanced-stage exploration while progressing along a parallel path to develop into a sustainable gold producer. Golden Band is one of the few survivors in the La Ronge Gold Belt since the Bre-X disaster in 1997 and has consolidated the bulk of the prospective ground.

The quarterly reports are showing that the company is basically getting two dollars out for every dollar put in. (assuming an average realized price of $1800/oz.) This is an unheard of internal rate of return. The obvious piece of the puzzle missing here is a steady rate of dividend payments, as mines had done during the depression era.

Little debt to speak of, lots of room for growth, start mining at the outcrop, no permitting issues, First Nations participation, no unionized workers, no political jurisdictional issues, mining-friendly province. They have basically locked up all of the prospective ground in a completely ignored gold belt.

The company claims in a roundabout way that it will not be diluting any further. They have no need to diversify abroad, either, because the sum total of the deposits are basically to die for in the gold space. Each one of their deposits can carry the company indefinitely. And I don't say this lightly. If you were a gold miner, this company's La Ronge Gold Project aught to be your cup of tea.

For their part, they have managed to set into production a new gold miner in cautious, step-by-step fashion. To anyone dissatisfied with the dilution at hand, then please, point out where a mining prospect can be had in the gold space where a completely new gold mine has established production and has room for growth. And growth not just out of gold price advances.

Investors in GBN.V shares should be aware that the company grossly underestimates reserves and calculated grades as a matter of course. This contrasts sharply with grossly overestimated grades and reserves and underestimated costs pervasive in the gold mining sector. If you will remember, the Bingo deposit graded 8g/t, before finally arriving at ~12g/t in average realized grade as the Roy Lloyd mine.

There is also certain information about the various deposits not forthcoming to the shareholders that was known in 2002, but remains off the table. Some subsequent exploration is also not included in any information, which you can verify by carefully adding up the piecemeal information in the news releases.

Golden Band resources takes its name from the flat-lying gold reef known to exist in the Waddy Lake area, which was uncovered in historical drilling at the bottom of the gold market. Historical references can be found on the Minister Of Energy And Resources, Saskatchewan website.

This story has been some 17 years in the making, before commercial production was announced. This is the standard gestation period for a gold mining company to become established in the gold mining space.