one thing for sure is that even if watso has been a gda knocker, but it is hard to deny the facts. a market cap of $10m might be a bit optimistic - but surely $5m is realistic - but that is only relevant for today - the future could be a lot better.
mmm and all the time, the honchos at gda do not think that exploration results from ago , are worth reporting - and that is unbelievable - after all, there would be an absolute minimum of 20m tonnes (ie $20m in potential royalties) in the relevant prospect - and a reasonable chance of some mining.
all sorts of factors have to be taken into account - but the present market cap does seem to be a bit low
some other time, watso might post a reasonable scenario which gives present shareholders the best value
GDA Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held