Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

>>reserves/resources

The 'resource' is the total deposit - it's the proved and probably, the measured and indicated and the inferred. The 'reserve' is more or less just as used with wine - it's the best part of the resource (the vintage) - the part that has been infill drilled enough to have very high confidence in it's shape and grade. With the Burnstone - the reserve is around 6 million and the resource is around 20 million.

The problem with the Chinese is that they don't really bid against each other - I've never seen more than one Chinese outfit at any sort of auction or bidding war. They've got the deepest pockets and I can totally envision interest to dump dollars for a golden resource - but how far will they be pushed?