royalties from corunna downs "split rock" , page-17

everything is relative matchbox. the gda share price is where it is because of everything that has happened in the past.

4, 5 or 6 years ago, the market cap of gda would have been about $20m (and maybe heaps more). the tragedy is for the punters from several years ago. it seems that ago moved in, and drilled where there was iron on the surface - but then again, gda were looking at an area that had been drilled donkey years ago, and it would be obvious that the explores from donkey years ago, missed the iron on the surface.

a fair suck of the sauce bottle - but there is so much iron , on the surface, all over the place - so much so, that it is just ignored as nothing more than surface cover - maybe transported etc etc.

in watso's younger years, he worked, and walked all over the pilbara as part of exploration crews - and drilling etc - and then in the yilgarn - and iron on the surface is everywhere.

the parker range iron deposit that gda used to have, would have been pretty typical of iron deposits all over the place. most likely gda picked up the iron as part of the gold exploration program - but gda was not interested in the iron - even though the iron was mentioned in government reports etc etc - so gda gave it away to caz for a few trinkets.

as hopeless as what gda have been in the past, there is a good chance that gda will generate some cash flow in the future, which compared to the market cap, could be ok