3m @ 167.26g/t au, page-75

Not sure hoiw you get 10,000 oz from a couple of drill holes but let's say there is 10K oz from one shoot, its highly likely there are more shoots. 10K oz at $1000 = $10mill. Take away expenses but its shallow mining so CAPEX and OPEX should be relatively low. Even if there is only $50-$100mill of gold there (which is still speculating as its very early days) then it certainly makes GDA worth its current marketcap.

Think speculatively there's still plenty of appreciation left in GDA but that is not just based on the gold prospect. Speculatively there seems to be plenty of interest in the Fe as well.

From a money point of view, it appears option exercise money has started flowing. $67K extra in the coffers and there's still a good $900K of options to go. This may alleviate any short-term need for further funds. Saying that, their bank balance is a little precarious so I am still wary that GDA may most likely be looking at an opportunity to take advantage of the increased current shareprice to instigate a placement.

Appears to be continued news ahead over the coming months so should keep the interest levels up for GDA.