Great Basin Gold Ltd. (fka GBGLF)

[Coho20]

My estimate for Burnstone's current winning bidder. Assuming a three year return on investment for purchaser; Current price of gold = $1390; cost to mine gold = $600; 200,000 ounce per year production. Quick math 200,000 * (1390-600) = 158 Million per year * 3 years = 474 Million. I would not expect to see less than this amount as this mine has a 26 yr life expectancy and the price of gold is expected to explode soon as reserves are at an all time low and the price of gold has not been corrected for this to date. I have no idea of the upper limit we could get for Burnstone but not less than 475 million IMO. Any other estimates out there. We already know Finny's less than 200 Million guestimate so no need for your response here bucko.