re: Ann: Golden State finalises sale of its i... I wouldn't be underestimating the Cliffs deal. I think Cliffs have identified some haematite in a banded formation there and 2% royalties add up. Yes, the Oakajee Port and Rail is a couple of years off but this gives the company a base. Once Cliffs start defining a resource there, I wouldn't be surprised if having a 2% royalty agreement of that resource on its own accounted for more than GDN's current market cap.
It's probably the best time to accumulate GDN right now. I left the camp at 6.7c, basically because all other gas plays have gone down during the period of drilling up til testing starts. Now I'm back in. I've purchased my first parcel today and I'm sitting in line at 5.4c for another.
A month from now, we could all be extremely happy!
re: Ann: Golden State finalises sale of its i... I wouldn't be...
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