Ann: Commencement of Test Work for Gold Mining De, page-30

re: Ann: Commencement of Test Work for Gold M... I think a share consolidation will be on the cards at some point. 4billion shares for a $12m market cap (assuming 0.3cents per share) is a lot of shares on issue.

However, I don't think we can go down much further in terms of market cap, unless there are some forced sellers. Irrespective of the number of shares on issue, GOA currently owns (tenements in) Ferguson Island, Crater Mountain, and Croydon, plus a small equity stake in San Chico. The true market value of all those, in aggregate, in a normal market, would be well north of $12m.

Of course, we haven't been operating in a normal market for a while ..... which is good for the Bergen's of the world ... but at least we are coming through the other end now. Fingers crossed!!!