Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

>>What do you think would be realistic?

I'm still trying to decide how best to approach valuing the ounces. One way to look at it - if you subscribe to the notion that the Tier 1s would be interested (and some say they wouldn't be) - is to look at their own valuations based on EV/oz in the ground. I have a table that looks pretty solid w/r/t the numbers they are using and, including inferred resource, Barrick trades at $69 and Kinross at $60. At $50, (again, this metric includes inferred resource, and maybe it's better to use just P&P/M&I), Burnstone is accretive at a billion dollar price tag. I'm not quite sure why I've seen smarter folks than me dismissing interest from the majors - the only thing I can figure is that the mill is maybe too small to throw off the annual output that moves their needle? I think the rarity of the deposit will get their attention....but I'm usually over optimistic on these things. All that said, I need to spend more time - I was aware of GBG prior to this week starting, but I wasn't following until the shares finally unhalted down here.