Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

"South Africa’s first new gold mine in three decades was officially opened in February 2011 near Balfour. This was Great Basin Gold’s R2.6- billion Burnstone project. The company projects that it will produce 254 000 ounces of gold per year for 25 years from a 20-million-ounce resource."

http://www.mpumalangacompanies.co.za/pls/cms/ti_secout.secout_prov?p_sid=19&p_site_id=150

We are definitely down but not out yet. Is this just outdated information; if so why are they still mentioning GBG on their website? This type of possible misinformation is extremely concerning and ...

I am still praying that Waterton needs to at least slightly sweeten the acquistion deal of all of our Nevada Gold Assets etc. Seriously, paying $15 million for a mine that should be able to easily gross well over $100 million annualy is beyond a joke.

I am praying for a GBG 40% / 60% jv with Waterton? Or will all of our Nevada resources simply be provided to Barrick Gold to properly profit from. Might Waterton Global Resources keep Ron Thiessen on the payroll as a Director??? LOL!

Cheers,
Golden~Polar~Bear

PS Unless we get a little positive GBG news soon...