GDA 0.00% 30.0¢ good drinks australia ltd

ago up $200m in value since corunna downs repo, page-3

  1. 21,227 Posts.
    well done buc for keeping the market informed. some of the 20 or so views of the post, will be gda holders - so that leaves about another 3000 gda holders who are uninformed.

    as watso has previously mentioned, this is important information that gda holders should be aware off.

    just a quick look at the reports, and it is obvious that the surface zone of interest (and being confirmed by drilling) is about 500m x 200m - and the depth is about 200m - ie about 20m cubic metres - after allowing for the specific gravity of the rock - then somewhere between 60m tonnes and 80m tonnes of ore is a reasonable guess.

    20m tonnes will be a breeze to find.

    the barren holes (eg holes 19, 20 and 21)are on the perimeters - which seem to define the eastern boundary of the ore.

    the problem will be the timing of any future development. atlas seem to have a good pipeline of development prospects
 
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