Sibanye Stillwater (SBSW)

[goldenpolarbear]

In 2018 Burnstone will be ReRamped Up as stated in writing

Sibanye Gold wants to approximately triple the extensive land claim; thus Burnstone will become one of the largest Gold Mines of relatively high grade ore ...... being mined at shallow depths on the planet...

They will not properly proceed until the larger mining land claim surrounding Balfour is settled. Balfour is most likely sitting on and surrounded by Gold... Please peruse page 59 in the 2015 Minerals Report...

"...The Burnstone Project (Burnstone), acquired in July 2014, is a project in execution. The completed FS was independently reviewed in November 2015, with nance approval for development to begin in C2016. The mine design and schedule in the FS was limited to the mineable reserves within a 3km radius of the shaft infrastructure. Extensive development will begin in C2016 with rst gold production due in C2018 and full production run rate to be achieved in C2020.

The operation has a Mining Right [DMR Ref. MP30/5/1/2/2(248)MR] to mine and process gold, silver and aggregate, covering a total area of 13,135ha, and is valid from 17 February 2009 to 16 February 2027.

A section 102 application in line with the MPRDA to enlarge the Burnstone MR to 38,900ha, is pending execution..."

http://reports.sibanyegold.co.za/2015/download/SGL-RR15.pdf

Lest we never forget that several very powerful South African families lost millions and Tranter Holdings defaulted on $27+ million USD


http://www.miningweekly.com/print-version/great-basin-golds-share-weakness-puts-bee-into-default-2012-03-15

"... Great Basin Gold’s share weakness puts BEE into default
15TH MARCH 2012 BY: MARTIN CREAMER - CREAMER MEDIA EDITOR
JOHANNESBURG (miningweekly.com) – The decline in the share price of junior gold miner Great Basin Gold has resulted in the bank loan to its black economic-empowerment (BEE) partner going into default.
The share price of the JSE-listed gold miner fell on Thursday and Friday closing at R5.51 a share at the weekend.
The BEE company, Tranter Burnstone, borrowed R200-million ($27-million) from Investec Bank to fund the purchase of 13% of Great Basin Gold nearly five years ago.
Tranter Burnstone used Tranter Gold as the investment vehicle in the purchase of 19.9-million Great Basin shares equating at the time to a 26% see-through interest in Great Basin’s Burnstone mine near Balfour, in Mpumalanga...."

THUS THE BURNSTONE GOLD MINE WILL BE THREE TIMES LARGER THEN ENVISIONED IN 2030, Neal Froneman and Sibanye Gold must be successful or all of the mining rights will be returned to the South African government. I think the only reason our shares have not gone to zero is some very powerful South African families have been holding these shares for years... IMHO

I FIND IT HARD TO FANTHOME that massively expanding Burnstone high grade well over 29+ million AU OZ (BTW only a fraction of the massive Burnstone's new mining rights have been explored so it could easily contain 50+ million AU OZ IMO )

http://sputniknews.com/business/20160320/1036618662/germany-repatriation-gold.html

"...Germany Continues Repatriation of Gold Reserves From Abroad
Gold
© Flickr/ Bullion Vault
Gold Becomes This Year’s Best-Performing Asset
The German central bank accelerated the withdrawal of Germany's gold reserves from overseas repositories, president of the Bundesbank Jens Weidmann said Sunday.
According to Weidmann, the bank is working on a new concept of the gold storage adopted by Germany in 2013, according to which at least half of the total gold reserves of the country should be transferred to Frankfurt until 2020.

Weidmann said that 366 tons of gold at a total value of approximately 11.5 billion euros have been delivered to Frankfurt so far.

"Thus, there are now about 1,400 tons or 41.5% of our gold reserves here. We comply with the schedule," Deutsche Welle quoted the banker as saying.

According to him, the rest of the gold will be stored in New York and London.

Gold is an additional reserve currency for Germany. According to the Bundesbank, the German gold reserve amounts to approximately 3,400 tons and is the second largest in the world after that of the United States...."

Will Burnstone trade via Sibanye or GBGLF shares, well if this is an actual Business Rescue odds are on...?


die Weltklasse massiv Burnstone - Goldmine Geld zu verdienen , aber für die im Jahr 2018 ? € £ ¥ $