let's talk fundementals, page-13

Champ I dont think anyone is missing anything. Ofcourse GDO is leveraged to an increasing gold price but it is now more susceptible to a decreasing gold price. Even though I am a hold bull I recognize and factor in to my Inv decisions that it may go backwards. Now you say dont buy GDO because if the uranium, well I think that unfortunately can't be separated. The Cooke gold profitability is linked to the uranium production. To get uranium production 100s of millions will need to be spent. Therefore GDO is now very much a gold and uranium investment decision and it's profitability is reliant on a robust gold price more than ever.
GDO will make lots of money from modder but now that money will be divided amongst more shares on issue and alot of that money will go into cooke uranium and gold. One of the reasons many of the pre acquisition shareholders sold was due to the increased complexity of the uranium assets and high cost gold assets. Having said all that it they develop successfully and Vburg and modder north comes on stream and gold prove stays above 1400 then GDO a these prices will be a bargain in hindsight.