let's talk fundementals, page-5

They are almost at 60% now so achieving 60% is a given IMHO.

150 million injection into the company at .55 c is 272 million extra shares. Either that or simply add another 150 million to the market cap.

Production of at least 120 thousand ounces is on track so no more shares to be issued there as well if there is a shortfall.

From quarterly:-
? Net cash flow from operations increased quarter-on-quarter by 97% to US$ 30.69 million (ZAR 218.7 million)
? Cash and gold receivables balance increased quarter-on-quarter by 72% to US$ 43.31 million (ZAR 342.1 million)
? Modder East quarterly cash costs of US$ 478/oz

GDO is perfectly positioned to take advantage of any gold price rise.

The extra production from the Rand Uranium business hasn't been factored into the share price yet because the acquisition isn't quite finalised with the Department of Mineral resources from SA approval still pending.

Once the extra production is added to the current production it will catapult GDO into the big league. Costs will be much higher than GDO's current Modder East mine though however at current Gold prices I would at a guess say that the profit margin is about US$100?

As I said before, any rise in Gold price will be a massive amount of icing on the cake due to the large production profile.

Obviously if the price of gold drops then the Rand U production will be at a loss however Modder East will keep it all afloat and once the U Business is up and running costs will drop substantially.