open briefing update on walhalla, page-7

Cherrymans,

Firstly, I think your 0.23cps should be 0.23$ps if I've followed your calculations properly.

Secondly, I hope your $200per oz assumption is correct but it all depends on the long awaited bulk sampling assays. $200per oz requires a bulk sample assay of around 8g/tonne. This is quite possible given the rich nature of the mineralisation. If the costings published so far include the cost of resuing ore then 8g/tonne or better becomes very possible indeed imo.

Thirdly, the sp has now gone down past my buy in price. This morning, I've actually put some of my hard earned where my mouth is and become a shareholder in GDR.