Replies to post #6004 on Great Basin Gold Ltd. (fka GBGLF)

[HRc60]

SOUTHGOLD debts is now 276M$

Credit Suisse and Standard Bank 150M$
Debenture Holder 126M$

The 90MS net profit royalty following the sale of Hollisters may reduced Credit Suisse loan

The value of Southgold can be 12x (6M onces vs 0.5 M onces) the value of Hollister
or
110M$ = (50M$+15M$+90M$/2)value of Hollister
1.32G$ = 12 x 110M$

That give a 660M$ value for Southgold at 50% discount, the same as the book value.

The minimum shareholder value is 324M$ = (660M$ - 276M$)
or 0.50$ per share

[finbar99]

Nope, it's not a 90 million dollar royalty. It's not even close. It goes to CS and barely makes a dent in the DIP liability. I don't know how to break this to you but there is no reorganization happening here....remember you heard it here first.