Great Basin Gold GBG.VSE (merger of Pacific Sentinel Gold) Message Board

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Gold/Mining/Energy : Great Basin Gold GBG.VSE (merger of Pacific Sentinel Gold)

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To: Dan P who wrote (115)	2/18/2000 9:12:00 AM
From: russwinter	of 317

Yes, I don't especially see this as a gold price play. It's more of a pure exploration play. Further I don't see the need to come up with 2 to 4 oz/ton intercepts. The 1oz/ton pattern they've established is sufficient to establish an outstanding low cost deposit. Anything higher is merely icing on the cake. Given that these stocks obviously have no audience (how else could results like these be met with a yawn), it would appear our payoff comes when the majors bid for the deposit. That's what the two Bobs do, create the deposit and sell. The question then is how much more gold will they hit, what's the price per oz of the transaction, and when. How about 5 million oz @ $40/oz (assumes 300 POG)= $7 a share after dilution, in a year? If they hit a deeper Carlin style deposit add another 5 million at $20/oz (at least)= $10 a share. Transaction would be in two years. Any thoughts?

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