bbqwer,
The market cap based on about 61m shares is about $11m and compared to other spec iron ore companies who have market caps in the $50 to $100m bracket, GDA has a lot of market cap up its sleeve. The drilling of the haematite in the Pilbara as part of the soon to resource identification could well double or triple the market cap to what? $20m to $30m ?, meaning a share price of around the 40c to 45c levels.
Depends on the tonnage identified but the rock chip samples just announced are high grade haematite.
corunna samples up to 66 percent cafe, page-11
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