joe,
Hard to say, maybe 8.5c to 9.5c.
The TMD is still strong on the buy side.
Volume still on the rise ( despite about 2 hours less trading due to the TH.
Apart from the high grades in both the gold and the iron ore, there is a flow of announcements coming over the next weeks ( as stated in the update) which will keep market anticipation high.
Plus this update hasn't got the other targets in it either, eg, the uranium updates, molybdenum, copper, nickel etc.
End of December target could be around the 10c to 15c levels but hard to know. If the gold price keeps it's rise steaming ahead towards the $1,500 an ounce level being talked about by many blue chip gold companies and gold analysts, anything is possible.
If the large number of rock chip samples they have collected have the same extremely high grade iron content that the samples from last year had, take a pick at what might happen with the share price. The size of the deposit could mean a significant resource.
The highest price I paid for GDA was about 33c from memory ( not many shares). I have averaged down ( a lot) and have both GDAO and GDAOC so a return to the 20c to 30c levels will make up for getting hammered during the GFC on GDA, MXR and MNM.
Market sentiment drove them down, market sentiment can drive them up.
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media release 19th oct 2009, page-18
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