3m @ 167.26g/t au, page-92

Gondwana is a micro cap gold stock ( with iron ore and uranium plus a few others) and the continued strength of the gold price both in US$ and AUS$ terms is having a good increase in project economics at Parker Range gold projects just south of St Barabara's Marvel Loch gold mines.

Gold is up again at new record levels tonight having hit US$1092 an oz around the time the FTSE opened for trading.
The AUS$ gold price is firm around the $1,200 an oz.
All major overseas indicies are up around 40 to 70 points.

We await the interpretation of the recently completed gold drilling in W.A. and if the high grade gold results link over strike, the shallow drilling and the current pit design work should see GDA commencing gold production in the near term.
US gold price up $7.20 and looking like it can push through $1,100 an oz tonight fingers crossed.
Plenty of volatility with $10 to $20 swings on a regular basis but the Indian purchase of 200 million tonnes of gold at market prices from the IMF has changed the gold dynamics in a very significant and bullish way.

With $1,200 an oz in Aussie dollar terms, GDA's gold is worth a lot more now than it was 12 months ago. And looks likely to be worth a lot more by the end of December and beyond. The project start up is excellent timing.

The right place at the right time I think.