let's talk fundementals, page-15

Here is the 55c offer:-

http://www.asx.com.au/asxpdf/20110516/pdf/41yntcfvlqmckq.pdf

Here is an overview of what Rand Uranium have:-

http://www.randuranium.co.za/fast_facts.php

The total new shares issued for GDO under the 55c deal is 375 mill at .40c

Add this to the share base for GDO and we get:-

808,989,951 plus

6,556,506 options plus

500 convertible bonds plus

80,118,126 unlisted options

= 1,270,665,083 shares

I think that the convertible bonds might add another 150 mill to that as well??

So let's just say that GDO has 1,450,000,000 shares.

Profit levels are quite large with profit margins of approx $1222/oz

Production is exceeding forecast at an annualised rate of 140,512/oz/yr

171 mill EBITDA

approx 103 mill NPAT

Whack on a conservative P/E of 10 considering that they have ample Gold for much more than that.

That gives us a market cap of 1,030,000,000 and a share price of .71c

Then GDO now has another 180-220 thousand ounces more in production with Rand Uranium which if Gold goes higher will be a cash cow.

It is highly unlikely that Gold will drop much more than what it is currently IMHO.

I have also recently viewed forecasts for 3000+ gold by mid Dec.

I won't be holding my breathe for that but if Gold rises another $500 this would be very big news for GDO.