Followers | 20 |
Posts | 7168 |
Boards Moderated | 0 |
Alias Born | 03/02/2013 |
Wednesday, February 24, 2016 4:51:13 PM
http://web.archive.org/web/20120909191532/http://www.greatbasingold.com/burnstone.cfm
Several years ago it was stated:
"...
Burnstone
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..."
https://www.sibanyegold.co.za/investors/news/company-announcements/2016/item/download/11_c537ff1d84f53665036717514c640062
Now, Sibanye is stating there are only 1.8 million AU OZ
"....A maiden gold Mineral Reserve of 1.8Moz has been declared at the Burnstone project, following completion of the detailed feasibility study, and the subsequent commencement of the project development phase...."
WELL, what happened to the 4 million+ Gold OZ in reserves? Hmmm? Either Sibanye is being extremely conservative in their Burnstone Gold estimates or should I state ore...
Well something is not adding up IMO!
Recent SBSW News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/16/2024 02:25:18 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/12/2024 01:37:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/05/2024 12:03:48 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/03/2024 10:27:48 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 11:54:22 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/21/2024 06:08:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/21/2024 11:28:31 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/25/2024 03:54:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/11/2024 11:05:08 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/24/2024 01:21:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/15/2024 12:11:29 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 02:41:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/06/2024 05:00:54 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 03:10:09 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 11:30:20 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/21/2024 01:22:18 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 01:24:43 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/22/2024 03:24:09 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/09/2024 11:08:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/19/2023 01:48:49 PM
- Form 20-F/A - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 12/14/2023 05:11:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/11/2023 02:45:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/08/2023 01:29:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/04/2023 03:36:28 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/01/2023 07:18:28 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM