Great Basin Gold Ltd. (fka GBGLF)

[Damnsammit]

Ouch. I got in way lower but I am just as nervous as you. Going from about $10k to $4k was a bit of a shocker for me. No way I can sell these though. All or nothing, going to sell some other stuff and buy.

This share price can't possibly stay this low. There is so much value there. They should be $1 at the very least, but it's still undervalued there. These are big mines that produce a bazillion ounces of ore each year (exagerated claim - hello whiskey). I need to go run the numbers but I believe gold is at least $1700 an ounce. The projected selling of the Hollister mine was about $170M-190M with a gold price of 1400-1500 an ounce. Hmmmm 1700 an ounce puts that at least a little higher 190-210M? That's enough to get Burnstone up and running and the company be to debt free, no?

I think it could be and then you only have one mine, but I haven't seen anything on the Burnstone's value.

Anyone got that?


*** yeah I'm rambling but GBG was like 90% of my portfolio and I'm reallyyyyyy drunk on some whiskey