Finding resource ounces for $7 an ounce, page-21

Ok Heeman - you asked so I will provide,

As BLK is a producer and EXU is in takeover talks, I have excluded these both.
The rest is as follows -
GPR- 28,900,000 resource at 1.12g/t for 1,037,000 oz - Market Cap = $44 million
CMM- 27,500,000 resource at 1.0g/t for 892,000 oz - Market Cap = $43 million
ORR - 23,700,000 resource at 4.03g/t for 3,072,000 oz - Market Cap = $56 million
and
GMD - 7,100,000 resource at 3.3g/t for 760,000 oz - Market Cap = $28 million

If you compare to the 3 above,
Compared to GPR, GMD would be $0.105
Compared to CMM, GMD would be $0.134
Compared to ORR, GMD would be $0.010???

So ORR undervalued in these examples also - but 'certain(licence)' issues to resolve may be reason??

Overall with the companies you have suggested Heeman, GMD seriously undervalued based on comparisons!!

Looking at today's action - depends what glass person you are.
Someone selling heaps at $0.032 yet someone soaking up the sells at $0.032 - action going on in the background.