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Great Basin Gold (GBG.TO)

PAST TOP PICK
up 31.3% since last Oct. not well known, but believes more anaylsts will start to follow it.
BUY
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.
WEAK BUY
Made a really good deal with Heckla in Nevada which will make them a producer. Also have a large property in South Africa. He is sort of 50/50 on it.
TOP PICK
Have a joint project with Hecla Mining (HL-N) called the Ivanhoe which has about 1 million high grade ounces. Also have a multi-million ounce project in South Africa with huge upside potential.
PAST TOP PICK
(A Top Pick Mar 7/05. Down 32%.) Has 2 distinct projects, one in Navada and the other in South Africa. The South African one is soon going to be in a feasibilty study. The Nevada one still offers a lot of speculative value.
TOP PICK
Hit a 52 week low. Has a 100% stake in a deposit in South Africa that has some 8 million ounce resource. Preliminary economics look very attractive at $375 gold. Also have a large interest in the Ivanhoe project in Nevada. Only about 1 million ounces so far, but high grade and the costs look to be low. Attractive at $325 gold.
TOP PICK
Good value. good management
BUY
Like the people and the projects. Stock has performed very well recently. A lot of potential in their Nevada operation. Strong management group.
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