ok buc - think about the following - the following from the last quarterly..
just note that for springhill and buffalo, that gda only have 70% - so after adjusting for the 70% - , the gold that could be mined is already half your numbers - anyway, they are only probably reserves, not proven, so could be less.
gda have more than 1.2bn shares, so a buy out would cost $1.2m - and then you would have to pay out the debt - which is another $800,000 - so total $2m
so already half the gold, and double the cost. as far as selling your house, forget it - there was a poster called kinghadi, who proudly claimed that he had put the sale proceeds of a house into gda.
gda have given some numbers about the cost of mining - but for springhill and buffalo, they started making noises about mining - about 7 years ago.
given the grade, the only hope that gda have, of making a dollar, is that they do a deal with st barbara - and there might be a dollar in it for gda
GDA Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held
