Great Basin Gold Ltd. (fka GBGLF)

[amarksp]

SA gold sector bulking up
David McKay
Posted: Sun, 11 Jun 2006
[miningmx.com] -- THE prospect of a higher long-term rand gold price has added spice to the gold mining sector with a number of interesting prospects kicking about that were absent less than 18 months ago. Some gold enterprises are getting a new lease on life.


One is the Burnstone project in Mpumalanga province which is owned by Great Basin Gold. Its newly appointed CEO, Ferdi Dippenaar, is hopeful of bringing Great Basin to the JSE, possibly before the half-year is out.

“There’s been quite a lot of interest from the local guys in Burnstone, so we’re thinking of getting a secondary listing,” said Dippenaar.

That will allow investors the opportunity to buy two relatively highly speculative gold shares, including Wits Gold. But perhaps there’s more to come.