cap. is now about $14m (possibly excluding last Share issue), for which we get:
1. about $2m in cash and 2. 100% of a producing salt dome, and 3. three wells already in place (cost about $15m) with potential for further production and sidetracks, laterals etc. 4. some production with potential for more 5. plus a few more features + bits and pieces + Steak Knives
so not bad value
having said that, i am not too happy with reporting standards; its never detailed or explicit enough and seems just a bit too cute at times..
GDN Price at posting:
6.6¢ Sentiment: None Disclosure: Held
