held yesterday's gains and some., page-3

gdn...fundamentally undervalued The $6m for part of the Leonora project equates to approx. 4.36c/share.

GDN were trading at 4c plus for months before this announcement, have cash of approx. $1m, still have large and highly prospective JV holdings in the Leonora project area(with results pending from the Mertondale JV with NCM), and are awaiting results from the Happy Jack prospect(100% GDN) at Comet Vale.

Refer to the Annual Report maps to see the size and quality of GDN's tenement holdings.

The fact the Canadian company is prepared to pay $6m for some of the Leonora project illustrates this.

GDN could go through 10c....soon.....and still be cheap relative to many of it's peers