Monday, October 29, 2007 9:33:25 PM
New high today ($3.60), October briefing available ...
GBN has corrected wave 3 of the impulse up from mid August, and now is in wave 5 of that impulse. The target could be above $4. The full impulse may then correct to $3.10-$3.50, before exploring for true value as an important new producer.
New 34 chart briefing is impressive:
DELIVERING GROWTH, CREATING VALUE
http://www.grtbasin.com/gup/filez/Great_Basin_Gold_October_2007.pdf
Overview
• Burnstone Project (South Africa)pre-production development commenced on 7 July 2006
– total M&I resource of 7.7mm Au oz
– annual production of 254,000 Au oz, total of 3.5 million ounces
• feasibility study completed on Hollister Development Block in Nevada
– resource of 1,8 million Au oz and 8,3 million Ag oz for a total of 2,0 million contained eqv. Au ounces
– Phase I: average annual production of 150,000 oz Au eqv. 6 year mine life, total of 956 000 oz Au eqv.
– Phase II: upside potential of converting 1 million 0z Au eqv. inferred resource as drilling programme continues
• excellent exploration potential on both properties
• strong management and on-site operational teams
• significant leverage to gold price and attractive relative valuation
GBN has corrected wave 3 of the impulse up from mid August, and now is in wave 5 of that impulse. The target could be above $4. The full impulse may then correct to $3.10-$3.50, before exploring for true value as an important new producer.
New 34 chart briefing is impressive:
DELIVERING GROWTH, CREATING VALUE
http://www.grtbasin.com/gup/filez/Great_Basin_Gold_October_2007.pdf
Overview
• Burnstone Project (South Africa)pre-production development commenced on 7 July 2006
– total M&I resource of 7.7mm Au oz
– annual production of 254,000 Au oz, total of 3.5 million ounces
• feasibility study completed on Hollister Development Block in Nevada
– resource of 1,8 million Au oz and 8,3 million Ag oz for a total of 2,0 million contained eqv. Au ounces
– Phase I: average annual production of 150,000 oz Au eqv. 6 year mine life, total of 956 000 oz Au eqv.
– Phase II: upside potential of converting 1 million 0z Au eqv. inferred resource as drilling programme continues
• excellent exploration potential on both properties
• strong management and on-site operational teams
• significant leverage to gold price and attractive relative valuation
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