that is a bit of an unsubstantiated ramp!!!!!. watso has attached an image, which is from the last gda quarterly .if one checks out the coordinates of the drilling in the report, then the drilling is a bit either side of the 6499450N line. the bottom line is that the company is not looking at much strike length - thus limiting the size of the deposit (and also the number of oz's.
the company had its little spike today, and will no doubt drift down.
sxg, who have a lot more gold than gda, and have ground in the same area,has a market cap which is similar to the market cap of gda, at 1.5c
the company has been exploring this little patch for 6 years
not yet moved the sp ( expected 10c at the min, page-2
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