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Message: Finally some IMHO SUBSTANTIAL NR out

Finally some IMHO SUBSTANTIAL NR out

posted on Feb 06, 2008 02:48AM

Two NR both containing some pretty important info.

1) Link:
Wits Basin Amends Bates-Hunter Mine Contract and Plans to Review Its Gold Properties Strategy

Business Wire (Wed 7:06am

2) WITS BASIN PRECIOUS MINERALS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements

Lot's of info & reading. I note especially the info in (1) regarding the status, money payouts, timing & clarification about the 9 veins per following:

"The nine principal veins that underlie and are controlled by the Bates-Hunter property have historically produced approximately 750,000 ounces of gold. A 1930s report from the 745-foot level included an average of 27 samples that assayed 1.37 ounces per ton gold."


King is scoring from the alignment of the ducks. Let's see what the market says when it opens. But surely, this can only bode well for us long suffering, longs.

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