gdn quarterly, page-23

Here is the reason the smart money is buying GDN imo...high grades fines must be worth $140+ tonne now. 30mt FOB from zone 1 would be worth $80m to GDN. An announcement of intended production would see the sp go straight to 5c and would definately underpin any debt raising for the development of the Golden Eagle gas field hence the application for 3 new drill sites...A lot of ifs and buts but there has to be a reason for the buying and this is probably the most logical at this point in time.


http://beforeitsnews.com/story/229/594/Golden_State_Resources_intent_on_building_long_term_value_from_monetising_assets.html