Great Basin Gold Ltd. (fka GBGLF)

[billg711]

Why HD went with Hecla
I remember talking to Hunter Dickinson about that, back then. They said they needed someone to finance the project and someone who had experience doing the mining. HD was not a company that did their own mining.

I think it has worked out well in the end. The delays were not even all that bad. That is because we are in a long term PM bull market, and delays in mining just means higher prices when they go to sell the PM. Think of a mine as PM stored in a safe deposit box somewhere. The longer you wait, in a long term bull market, to sell it the better.

Any way I like the deal, and am happy GBN now owns the project completely. I never liked sharing 50/50 with Hecla, and Hecla was a difficult company to work with.