Replies to post #6485 on Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

>>Even with the present POG, Hollister Mine being given away for $ 15 million makes no sense; there must be more to this deal that will hopefully be revealed on or after Friday May 17th?

It will make a lot more sense once we see the winning bid for Burnstone, IMHO. The resource market is beyond horrible in the short term if you haven't noticed.

[HRc60]

Hollister was profitable until the mill manager leave.

Hollister was not profitable during the last quarter, because the leadership was not there and drilling was not done as per mine plan.

Hollister will be very profitable with a strong management, and more profitable if the mineral doesn't have to be ship by truck at Esmeralda mill.

The 90M$ is real, the adjusted sale price is around 110M$ almost the book value.

If the same trend is applied to burnstone the book value is 659M$.

The total sale will be 769M$, shareholders will get a fraction of the futur profit of both mine.

The super GBG management will spend it to pay their excessive salary and bonus.