best case scenario

While the bears are prowling over this stock its always fun to review the best case scenario.

assume: an economic grade of 7 to 8 gpt

share capital goes to 180million to get mine up and running

long term average gold price of AUS$1000

costs of $500 per ounce

annual production 200,000 ounces

after tax annual profit is arounf $70million or 40c per share

This is not the best case scenario! T

Best case is grade around 12 gpt, costs of $300 and a spike in the gold price to over AUS$2000 per ounce

in one year GDR would make pre tax around $2 per share. the market may bid the price up to 20 times that for a short period, or $40 bucks per share. Yes my friends that's almost 100 times return on your money in 3 ot 4 years

Sound to good to be true? Take a look at what happened to uranium stocks over three years.

Punters buying the right goldies now who know when to get out could do very nicely. Given the risk return GDR fits snuggly into a speculative gold portfolio





Which is why I'm buuying afew more of the little buggers