GDN 0.00% 1.7¢ golden state resources limited

gdn valuation #2, page-9

  1. 4,289 Posts.
    G'day Blokes. I like Disco's evaluation except for 2 things
    1. It doesn't take into consideration dilution from options, which I am confident will be converted(including directors unlisted options)
    2. It doesn't take into account the really big prizes I believe could be waiting at the very depths of this field which we will reach once money no longer is a problem for our exploration program
    In other words Disco's valuation is based on too many facts and not enough hype and therefore doesn't really fit in here IMO.
    Cheers B Rubes
 
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