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Great Basin Gold Ltd. Message Board

  • forwardflash forwardflash Feb 17, 2013 8:23 PM Flag

    There is a lot of value in GBG, the question is, will the common stock holder get any of it.

    Aaron Regent told a gold investment conference in London last month that major gold mining companies are continually struggling to replace mined-out reserves.
    Especially their high-grade ore, much of which was severely depleted when gold was fetching much lower prices.

    The problem is that fewer and fewer world-class gold deposits (at least five million ounces in size) are being found. The current success rate is about one per year,
    regardless of how many companies are hunting for them and the approximately US $4 billion per year that is being spent in this quest.

    "There is a strong case to be made that we are already at peak gold," Regent said. "Production peaked around 2000 and it has been in decline ever since.
    And we forecast that decline to continue as it is increasingly difficult to find ore."

    ff

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    • BK filing for US subsidiary for Hollister probably means the Hollister property is now a total loss to shareholders. Why? Because shareholders seldom recover anything once BK is filed in US. All assets usually (almost always) go 100% to creditors. So you just lost a significant part of GBGLF value.

 
GBGLF
0.00140.0000(0.00%)Oct 20 2:28 PMEDT

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