GDN 0.00% 1.7¢ golden state resources limited

enough to get oppies over the line?, page-26

  1. 8,422 Posts.
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    I am not missing that part. I thought the reserves upgrade was the main non-expenditure-dependent announcement that could get us close the option exercise price (which would solve the financing issue). Unfortunately we are still 8 cents away. Hence, my genuine question to Wisdom. Where is that 8 cents going to come from without a significant allocation of existing cash reserves.

    On a reserve basis, GDN is undervalued but we either have to get to 12 cents or find some finance so get to production.
 
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