GBG 1O CENTS???!!! It is Ovesold, traders panicked b/c they were shutting down 1 of their mines in South Africa because it was costing more to have it running, I feel it is WAY OVERSOLD and soon firms will be running to buy that mine. They still have TONS OF GOLD, it is down in the pre makrket but watch for a HUGE run soon.
"We still have Hollister and if we can get a good buck for Burnstone we could turn up nicely. 'Value of Hollister By Itself
Great Basin Gold updated its reserve estimates at Hollister on September 4, 2012. The proven and provable numbers for gold and silver are 455K oz Au, and 1470K oz Ag. The measured and indicated numbers are 706K oz Au, and 2864K oz Ag.
If we use a trial mining cost of $850/oz (Q1 numbers), and today's gold price of $1690/oz and a silver price of $32/oz, that means that we can expect to make between $429-$684 million from Hollister alone. That represents between $0.78-$1.24 per share (from Hollister alone).'"
(0)
(0)