gold exploration - part of announcement, page-2

mmmm something to keep in mind, about the buffalo prospect, is that gda only have a 70% interest. the other 30% holder, king minerals nl, is free carried to production

. put another way, but gda really have 70% of 20,000 oz (or 14,000 oz) - but are meeting all the costs. after allowing for mining dilution, and recovery, then all of a sudden, this prospect looks very very very second rate. the bottom line, is that the company will need more oz to make anything viable - never say never, but the company has held out the prospect of developing this project for at least 4 years - possibly longer
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