They key issue is the design of PB3 being a different design...

They key issue is the design of PB3 being a different design specifically for Ismay formation. The design is horizontal so that the well enters Ismay on angle away from adjacent water. The whole deal here is whether the design of PB3 can mitigate the water issues experienced in a vertical well like PB1 and PB2.

Once PB3 is flow tested for longer than 24 hours without significant water entering, then GDN stock should re-rate in a massive way.

Then they will skid the current rig over a few feet to PB1 and compete it with a horizontal similar to PB3 and the same with PB2.

Once again, the key is water entering the flow test of PB3. This will be known in the next week or so.

Once a comercial gas show is announced, interest will return to the stock, once flow tested for longer than 24 hours, big money will enter and GDN will re-rate.

I reckon today is as cheap as you'll ever get em.