GDN 0.00% 1.7¢ golden state resources limited

another gdn classic!, page-21

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    market cap $13m...$1.5m in cash, $3m royalty valuation values the GDN field at $9m which has two completed wells in it worth at least $40m in expenditure so far...surely they could flog it for $20m ?
 
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Currently unlisted public company.

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