GDN 0.00% 1.7¢ golden state resources limited

Nobody can say yet how big the reserves are.But we can all have...

  1. 57 Posts.
    Nobody can say yet how big the reserves are.

    But we can all have fun with numbers and the easiest game now is from where we are minimum guestimate to optimistic pie in the sky with why we are in the game.

    Minimimum guestimate is 0.25bcf = $5 per share
    Pie in the sky = 1.5-2.0 TCF topped up through Leadville = $30-40 a share

    That is why nearly 39 million shares yesterday.

    THE FUN STARTS TODAY. BUT THIS MAY PLAY FOR ANOTHER 8 DAYS BECAUSE NOT ONLY WILL LEADVILLE TAKE 3 TO 4 DAYS BUT WHAT IS UNDER LEADVILLE ARE TWO OTHER PAYZONES DESIGNATED IN 23DEC 05 REPORT - MCCRACKEN SANDSTONE AND LYNCH DOLOMITE.

    THEY WILL ALSO PROBABLY BE DRILLED - ANOTHER 800 METRES AT 190 FEET A DAY OR 16 DAYS. HOLLY ****
 
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