Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

If the Burnstone Gold mine is traded via Sibanye shares we get nothing but if Sibanye and Neal Froneman must honour the South African Business Rescue plan and bring Great Basin Gold and inadvertently the GBGLF shares back to life these GBGLF shares over several years will rise and eventually climb to healthy robust levels. I would NOT sell at this point!

"...Sibanye Gold was reviewing options to bring the idled Burnstone mine back to life from a “zero base”, in a R7-million deal senior VP for business development Richard Stewart described as a “no-brainer”.

The embattled Mpumalanga-based gold mine presented an “exciting” opportunity to capitalise on historic lessons learnt and to develop a low-cost, growth accretive operation capable of boosting Sibanye’s gold portfolio.

Following the R407-million takeover of Witwatersrand Consolidated Gold Resources (Wits Gold) in April, Sibanye planned to leverage its extensive historical knowledge to build a “fit-for-purpose” operation.

The group, which earmarked an initial R180-million over 15 months for infrastructure capital when the Wits Gold deal closed, was currently upgrading its due diligence study to a detailed life-of-mine plan, due for completion in the first quarter of 2015.

Stewart said Sibanye had "derisked the Burnstone opportunity” by reviewing and gaining detailed understanding of the orebody, applying appropriate and well-understood mining methods and compiling an “achievable” ramp-up profile benchmarked against similar operations, besides others...."

http://miningweekly.com/article/sibanye-to-push-burnstone-restart-from-zero-base-2014-06-06

Cheer$,
Golden-Polar-Bear

PS When will large lots of these shares start to sell and NOT be sold?