When Will Commercial Mining Start At Hollister?
“It should add a healthy buffer to our treasury,” CEO Ferdi Dippenaar told Miningmx. "A doubling in size of the facility is possible."
"Great Basin is still simply trial mining at Hollister and needs to clear all the regulatory hurdles to start commercial mining.
Years ago , Great Basin threw open its doors to interested parties to join it in a search for gold on the Hollister property as well as possibly restarting the old Esmeralda mine where its mill is based."
Many years ago,Having completed a geological survey of Hollister and seeing a number of prospective targets, Great Basin realised it could not fully explore or exploit these by itself, said Dippenaar.
“We are currently focused on just five percent of the property and it’s pointless to sit on the rest of it forever and a day. We thought why not involve two or three interested parties for a joint venture or strategic interest partnership,” he said.
"Given the cash constraints within Great Basin and its focus on delivering the Burnstone project and getting Hollister and the Esmeralda mill firing on all cylinders, it makes sense for the company to bring in other companies." said Dippenaar...
If a joint venture was going to happen it would have happened years ago. I think and hope we are looking at an outright purchase of GBG! As a share~holder this is the only way I see us turning a quick profit from this monumental financial mess.
$75 million would only be a wee drop in the bucket!
