Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

When you say 900 mm to end ok, I'm guessing you are basing that on a pre-ccaa entry price? 900mm based on today's prices would be amazing.

I was up in Vancouver at the Cambridge House show weekend before last. The in-situ rule of thumb that I heard over and over from the few presentation I stopped in to listen to (in general, not specific to GBG) is 100 oz in the ground. Obviously, there are plenty of companies trading at an EV of $10 per ounce, but that was the number they were basically saying don't invest in any company that spends more than that on exploration because that is the average arms length price that is prevailing right now when properties are bought out. This of course isn't a buyout.