out of the goodness of his heart, watso provides the following...

out of the goodness of his heart, watso provides the following information.


shareholders in gda, should keep an eye on sxg.. sxg have some similar stuff as gda - in the same area. sxg have just released a report, showing their development priorities.

perhaps gda should be chatting with sxg (they probably have) - about some joint venture, regarding the treatment of the parker range deposits. trucking the ore somewhere, would cost about 20c per tonne/kilometer (15c would be the absolute minimum)

toll treatment at the sbm mill is out of the question - or if sbm offered the service, it would be at a price. run of the mill treatment costs are about $15 per tonne - if sbm offered the service, then it would want to make a profit - so make that $30 per tonne. mining costs are about $4 per tonne (including waste) . if there is a strip ratio of about 7 to 1, then that means a tonne of ore, will cost about $30

start adding the numbers together - and everything becomes marginal

the other day, watso looked at a company called beacon (bcn) - and north of southern cross.. the grade is so high, that they could truck the ore somewhere to be treated. watso has heard that there is $40m profit to be made.

if bcn are struggling to get their project off the ground - then there is not much hope for gda - but it is possible that some agreement with sxg, could provide some hope