Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

At the end of the day, you need two deep pocketed bidders to make a good auction. Deep pocketed bidders don't generally mess around with Stalking Horse bids - the breakup fees just don't move their needle and being the SH tips your hand in terms of showing interest well in advance of the auction date. I'd say Hollister has a lot more value add for someone who already has a mill in the vicinity of Elko - and there are more than two of those. There is still potential for upside surprise at auction - but a solid stalking horse would have been nice.