Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

"According to the company, there are approximately 25 suitors for its Hollister mine located in Nevada and a number of potential companies who could look to acquire Burnstone as well, which could include Gold One International and Wits Gold - a company undoubtedly on the lookout for an operational gold mine. A more formal announcement regarding a possible acquirer is said to be made in February or March this year.

A lot of questions revolve around the brand new Burnstone gold mine and process plant, and why Great Basin Gold could not mine is profitably. There are indications that its choice to use mechanised mining could be largely to blame."

http://www.miningne.ws/pg/mining/news/105829/did-mechanised-mining-kill-great-basin-golds-burnstone