Great Basin Gold Ltd.

Great Basin Gold Limited Mid-tier Gold producer - Witwatersrand Basin of South Africa and the Carlin Trend of Nevada, USA
in response to duncanmcl's message

Duncanmcl;

Thanks for posting that update... it appears that the electrical connection should have been made at this point and they are or will shortly be cranking up getting ready to go into actual production soon on the Burnstone facility.

Did you see that they had also upped the Gold Resource on this property by 3 % bringing their total to about 12 Million ounces if I read that right ?

From September 19th through the 22nd they will be at the Denver Gold Group ( a not for profit industry association ) The news from that should provide some updates on the status of both properties.

I just found that they presented today on Monday September 20th, 2010.

You can hear/see Ferdi do his thing at

http://www.gowebcasting.com/events/denver-gold-group/2010/09/20/great-basin-gold-limited/play/stream/1017

the PDF from the presentation is at this address...

http://static.gowebcasting.com/documents/files/events/event_00000188_WfT48qto.pdf

The most impressive thing that grabbed me in one slide of their presentation is that as of September 13th, 2010 they are already sitting with 158,000 ore tons sitting on the surface awaiting milling... even at a low guesstimated yield of 1 oz per ton at the current $1,270 an ounce that is over $200,000,000 of potential soon to have revenue that will soon be kicking in. Who knows what actual yield they will have on this early stuff though. It could be higher or lower.

Gold Barren Charlie

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GoldBarrenCharlie
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Great Basin Gold Ltd.
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