Coffee with Samso

Great Boulder Resources Limited (ASX: GBR) - Mineral Exploration Delivers High-Grade Gold Project.


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Coffee with Samso Episode 130 with Andrew Paterson, Managing Director of Great Boulder Resources Limited (ASX: GBR)   I have been an advocate for mineral exploration for a long time and the recent discovery of Side Well Project continues to confirm my narration.   I have been chasing the Great Boulder story for a long time. I think I started the chase in 2020 and I have finally got Andrew Paterson on the show. I would have like to have got the story before the recent discoveries but that seems to be the Samso luck.   We have missed out on a few stories but after having this conversation, I think there are still more to be made. When I first looked at Great Boulder Resources, they were a company with a market capitalisation of less than AUD10M. Today as I write this, they are sitting at AUD52M.   As a punter myself, one could see this as a 5 bag investment that has been played out. However, if you look at what the company has (a discovery) and have not (a resource or even the initial information of building a resource), the AUD52M market cap is the premium you would pay for a safer "punt".   As we all know, "investing" in these kind of companies are a hit and miss at the best of times, but in my opinion, in this extraordinary time in this sector, it is worst. I cannot stress enough the need to look deep into the technical and the management of the company.   There are so many factors out there currently that could make our beautiful life more tense and complicated. The situation in Ukraine and the inflationary circumstances of the post pandemic world. Investments of all sorts must be more calculated than before and putting your money into exploration stocks comes with even greater risks.   Great Boulder has some great stories and the fact that this is a new discovery in a new tectonic setting is very attractive. Patience is key for Great Boulder and by the looks of things, they have most likely discovered a nee mineral camp or province.   Take your time and watch the Coffee with Samso and I encourage viewers to reach out to Andrew and ask him the questions. Andrew comes across as a straight shooter and is technically versed to share his thoughts. You will see in the video that he has not once taken the blue sky narrative. Instead, he keeps his expectations at the reality level and at the same time, open up thoughts of what could be if things go their way.     Chapters:   00:00 Start 00:20 Introduction 02:22 How is Andrew's mining experience helping his current position in GBR. 05:43 The Side Well Story 09:42 What was the target that discovered Side Well? 11:34 Is this a new camp or province for gold mineralisation? 15:47 Is the epithermal system creating the higher gold grade? 16:22 Diamond drilling is happening now. 16:39 Is continuation of mineralisation expected? 17:33 The 500m prospective 500m gap. 18:35 Is the geophysics helping exploration? 19:31 Wellington Project 21:15 The nearology concept 21:34 Whitehead Project 22:50 The grades and intercepts at Whitehead is not small. 24:32 Will the prospectivity of Whitehead create an issue for GBR in terms of work required? 25:58 Focusing on what is best for the company is critical. 26:47 Gold market conversation. 29:32 What is the News flow? 32:32 Where is the confidence of drilling results come from? 35:51 Is your understanding of geophysics and geochemistry driving your drilling confidence? 37:51 What would you say to investors who think the share price uplift is over? 38:59 GBR value should be higher with the potential to come. 40:13 Andrew last words? 42:36 Conclusions
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