TCF, are you a full bottle on what is happening??? or are you just guessing I suggest the latter - you should come clean on that. Perhaps you too could make a phone call or two and at least get your geography right. GDN tenements are at Cliffs current mining site - ADJOINS current operations.
You are adamant that the royalties are worth nothing - no if buts or maybe's - you are wrong!
All value held by GDN is relevant. I happen to think the royalties are significant based on my information and research.
I also think that Golden Eagle has significant value. Further that to value GDN market cap on PE is ridiculous, which leaves the other valid measure, which is Assets v Liabilities. Royalties form part of that EQUATION IMHO.
GDN Price at posting:
6.6¢ Sentiment: ST Buy Disclosure: Held