With the latest extension to their already significant holdings,...

With the latest extension to their already significant holdings, GDR hit the jackpot IMHO- See page 2 of:

http://stocknessmonster.com/stock-quote?T=Y6w0LSW9jWB3jM7ws0nURD&S=GDR&E=ASX

They now hold all the aces by controlling the Ross Creek Line and extension which is about 35 km long and has a number of old mines to be investigated.

Many carry high grade ore and now with the latest addition, the possibility of extracting about 3.25 mill ounces may come closer to reality.

GDR is also news conscious as their Jan month illustrates:
http://stocknessmonster.com/news-history?S=GDR&E=ASX&Year=2006

If they manage to achieve their goal then the Insitu cost based on a previous share price of 43 cents is exceptionally low: $A13.30/ounce or based on 47 cents: $14.53. Such a low cost is unheard off nowadays considering the high prices paid in takeovers.

I have a habit of making graduated investment in gold stocks and GDR is no exception. It was topped up to the maximum I allow for what I believe is a good investment.

More info:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=280994#903231


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.