2. Great Basin Gold ( GBG) engages in the acquisition, exploration, development and trial mining of precious metal deposits. The company is focused on developing Hollister gold project and Burnstone gold mine, both at the trial mining stage. Net revenue for the first quarter of 2011 was Cdn$26.3 million, up 286% from Cdn$6.8 million in the year-ago quarter, riding on gold sales which tripled to 20,118 ounces. Loss for the period stood at Cdn$20.3 million or 5 cents per share, compared to a loss of Cdn$6 million or 2 cents per share in the first quarter of 2010. During the quarter, the company closed an $86 million bought deal public offering, using the proceeds from this transaction for working capital purpose during the production build-up at the Burnstone Mine. The company has also closed a $70 million term loan facility and used the proceeds to settle Senior Secured Notes. Cash reserves were $68 million, as on March 31, 2011. All the six analysts covering the stock rate it a buy. The stock has no sell ratings. On average, analysts estimate 104% upside to $3.94 in value from current levels.