Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

"Peter van Den Steen gave comprehensive feedback regarding all the steps that need to be taken towards getting a proper bid for the asset or the company ( Great Basin Gold ). The target date for binding offers is end of March 2013.

2.4. Peter was very confident that a proper bid will be received, especially as the potential bidders are reputable mining companies that will meet the required criteria to purchase the mine or the company." These quotes are from minutes of a meeting on Wed. 30th Jan. 2013 for Great Basin Gold and the SouthGold Creditors.

Fortunately, for all GBG shareholders seven + bids will be opened at the end of March.

6,4 million moz * US$340/oz = $ 2 176 000 000

16 million inferred oz * US$35/oz = $ 560 000 000

Conservative very rough figures ~ Total = $ 2 736 000 000 +++

+ Hollister in Nevada and construction of the mines are near completion!

I am hoping the GBG shareholders will see a dime+ per share???