Replies to post #4149 on Great Basin Gold Ltd. (fka GBGLF)

[Tamaman]

Doing some research on Blyvoor. It has been mined since the 1940s. It was the first mine in the Wits Basin to ever establish. There have been many deaths and strikes since. It is an extremely deep mine and nobody wanted anything to do with it due to high costs and safety risks accept a few local SA cos. The gold is possibly there, but getting to it is a whole different story. I believe Burnstone is the shallowest mine in SA. It is even shallow in mine depth in general around the world. So now it makes sense why it went for so cheap. Seems to be worse then pamodzi mines

[Damnsammit]

How much is 'R1' ? I feel like something is missing here...

Look at this link:

http://test.abestfranchise.com/city-state-hotel-news/village-may-buy-drds-blyvoor-gold-mine-for-r1

"Taking over the management and operational responsibility is grist to Village’s mill, which is fixing Simmer & Jack’s former gold-mining assets, as well as those of the Consolidated Murchison gold and antimony mine.

Village bought Cons Murch for R1 and is going all out to demonstrate that it is worth hundreds of millions of rands."

From everything that I gather, R1 = $0.11USD, so according to this article the company bought another mine for less than a pack of gum?

I need to move to South Africa and buy a few hundred mines. I got a $20 in my back pocket.