The current capitalisation of GDN is $20 million. If the inground resource is worth 100, the SP should increase 5 times, from 3.3 cents to 16.5 cents. This is a pessimistic scenario, as $100 million is peanuts for the golden eagle field.
If you consider that options are in the money and cash problems are gone, the SP should increase futher.
I won't be surprised if the in ground resource potential is announced to be $500 million. I am not ramping and this is possible in the current scenario. Hope I do not get moderated. Anything is possible now.
There wont be a pump and dump as the TH was announced before rumours spiked the price. Now people will invest based on the RPS reserves report. Management have done well as for the first time the aaanouncement has been fair without the usual LEAKY BOAT. Congrats to the management. And good luck to all holders. Fortunately I hold heaps of heads and options.
GDN Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
