Great Basin Gold Ltd. (fka GBGLF)

[Jackjc]

Burnstone valuation previous at 300 Au, 10/1 Rand and 8%
discount was 95M I believe. Present Au and Rand approx
cancel out. The mine life at 2500T is 34 yr and the
discount wipes any value above about 15 yr. They are
discussing increased throughput which would bring in most
of the ore and value rises to about 150M.

Yes the Evander mining was mentioned as a comp, with costs
very well known.

Also, Areas 1 and 2 are being handled separately and
either could be JV'd or sold so there is flexibility there.