question for watso, page-2

buc

in broad terms, the answer is NO.

just look at gda's main prospect - ie parker range. back in july10, 2003, gda announced a deal with sgw, by which gda, acquired an interest in the parker range prospect.

now have a look at gda's "Third Quarter Activities & Cashflow Report", for 2003, which includes resource estimates for buffalo/spring hill - and compare that to the present day inventory. keep in mind, that resources are a lot different to reserves - because a lot of "resources" will not be economic. In the same report, the company also shows a map of the east pilbara tenements.

the parker range tenements were, at one point in time, going to be vended into a company called reggetta resources. the east pilbara tenements, were going to be vended into a company called montazuma mining - neither happened. at one stage, the east pilbara tenements, must have been dropped, because they were not mentioned in any reports - but then they reappeared (as new applications).

for the people who are keen on corruna downs, then perhaps they should be aware, that 8 holes have been drilled on the prospect, with very limited success (look at the june 6 2008, east pilbara exploration results". the half yearly report did not mention anything about farming out "corruna downs". if the company wants to drill the iron prospect, it will need to raise a minimum of $1m.

basically, the prospects are not very exciting, and it would be hard to get a partner. however, it could be that some deal could be done with the gold deposits, as the sbm mill, is underutilized