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Opinions Lawrence Roulston
Great Basin GoldGBG.TOBUYJul 12, 2006
Gold project in Nevada with a joint venture partner and development has been painfully slow. Also has a great asset in South Africa. South African gold assets have been out of favour for some time so there’s a lot of value there. Feels new management will do some great things. Will take some patience.
$2.00
Stock price when the opinion was issued
precious metals
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(Top Pick Dec 16’2010 Down 40.97%) It is hitting bumps and is costing to much and taking too long to get into production.
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Attractive from a valuation standpoint. Worry is the South African component of their mining. Gold miners have lagged the commodity quite badly until a week or so ago. He has a bearish view on Commodities at the moment until the EU problem is resolved. Prefers OSK. Stress safety. Stay away from juniors and intermediates.
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Incredibly undervalued. Set up and going into production with 10 million ounces in South Africa. South Africa is not that bad a place. $1,500 gold will not affect this company the same as others as this is an execution story. If they can get mining at a price (he wants to give them a bit more time of 6 months or a year) then you have a great flowing asset. Should be a $5 stock.
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A “going into production” south African gold mine of possibly 10 million ounces. Have a million odd ounces in Nevada as well. Very good management team.
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