Sibanye Stillwater (SBSW)

[goldenpolarbear]

"...The Burnstone Property is located in the South Rand area of the Witwatersrand Goldfields in Mpumalanga Province, approximately 50 miles (80 kilometers) southeast of Johannesburg, South Africa.

Investment Highlights:

100% owned and operated property
Initiated commercial production February 2011
Production ramp up to a potential 200,000 Au oz/year at a cash cost of US$600/oz over 26 year mine life
6.4 M Au oz Reserves (Proven & Probable), 12.6 M Au oz Resources (Measured & Indicated)
Full conversion to new order mineral rights and BEE requirements, mining right granted Nov 2008
Burnstone Mine Overview :

Location : Witwatersrand Basin, South Africa
Commodity : Gold
Ownership : 100%
Property Area : 134 sq miles / 347 sq km / 34,654 ha / 85,633 acres
Infrastructure : Close to a major paved highway; power from national grid (Eskom); two rail lines & water pipeline
Mine Neighbours : Harmony
Burnstone Project Key Information (Areas 1 & 2) :

Reserves : 6.4M Au oz @ 4g/t Au cut-off (Proven & Probable)
Production Rate : 5,000-6,000 Ore tons per day
Recovery : 95% Au
Production : 200,000 Au oz (Targeted Annual Average)
Life of Mine : 26 years
Cash Cost : US$600/ Au oz (ZAR 8 exchange rate) LoM..."

http://investorshub.advfn.com/Great-Basin-Gold-GBGLF-1750/

http://web.archive.org/web/20120909191532/http://www.greatbasingold.com/burnstone.cfm

http://www.polity.org.za/article/business-rescue-of-southgold-gives-mine-a-new-lease-on-life-2014-08-07
Will the Business Rescue plan and the ReRampUp of the massive Burnstone gold mine actually be successful; well with the present POG = $ and guided assistance of Neal Froneman of Sibanye Gold... Etc...
IMHO