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amarksp

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amarksp

Re: None

Thursday, 06/12/2003 11:47:27 AM

Thursday, June 12, 2003 11:47:27 AM

Post# of 14330
Comments on Russ Winter post:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19022241

At $350 gold, GBG cash flow before G&A expenses is $27.5M which includes a (sliding scale) royalty from HL of $5.85M. At $375 gold, these numbers are $31M and $7M royalty. At $325 gold, these are $25.1M and $5M royalty.

In regard to takeover, please note the following:
"Any Great Basin shares issued to Southgold shareholders are subject to a voting trust agreement, whereby the holders undertake to vote with Great Basin management for a period of five years."

Per page 25:
http://www.sedar.com/csfsprod/data38/filings/00550170/00000001/f%3A%5CSEDARFile%5CGBG%5CAIF%5CGBGFY2...

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