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Gold/Mining/Energy : Great Basin Gold GBG.VSE (merger of Pacific Sentinel Gold) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (101)	1/21/2000 9:31:00 AM
From: Emil T. Colosimo	Respond to of 317

Hi Double , Here is an amature thought on the price dip. Stockscape ( old name = Cornucopia ), former partner in this project , owns 2.8 million shares . They may want more and just may prefer to buy it at a lower price.With 10% they have ability to move the price in any direction they choose. Hunter and Dickinson each own 1 million. IMHO the float is just not that big.This will all shake out though.Im in long and big for the long haul till they sell the whole thing out. Ive just wondered how in the hell to value this on the upside , anyone know what Ken Snyder was sold for?

To: Enigma who wrote (101)	1/21/2000 9:31:00 AM
From: que seria	Read Replies (2) \| Respond to of 317

I think no one knows whether the ore can be economically extracted, given the still-undelineated web of deep veins and related tonnage questions. The veins are rich, but whether GBG justifies its current level (much less a higher one) depends upon a yet-unknown comparison of the value of the ore proposed to be extracted, and costs. I am no mining engineer, but costs include man and equipment expense of getting at the ore, removing X tons of material, extracting the ore through shafts, then adding the crushing expenses, varying by host rock, and verifying a rate of gold recovery. I noticed this one after the results last fall, but didn't buy because my broker's consulting geologist didn't like the economics. He's since changed his mind. I will likely buy in if some delineation of the vein network occurs that allows me a firmer basis to believe that sufficient tonnage is there, and the value of targeted ore is significantly greater than the costs of producing gold from it. I realize there is a cost/revenue continuum of sorts for making a production decision, along which a project can be economic at various tonnage/richness/cost points. Within limits, only the result matters (the IRR plus available capital for that rate for that project). I realize GBG can get there more easily with rich veins, but there are other crucial elements of the equation for which numbers must be established or a basis indicated to project them. I suppose how much of a speculator you are can roughly be gauged by how much (how early) you are willing to project those numbers, rather than have to see many of them before buying. I'll appreciate any knowledgeable posters' comments about the cost/value relationship for a producible orebody here, as soon as anyone knows enough to do so. I don't need a pre-feasibility study to buy--just more than I know now. At this point I'll stick with my PGD.TO, and just watch this board. P.S.: Just think how much easier these deposits will be to visualize when real 3-D comes to the net!!