GDA good drinks australia ltd

I have been going through the iron-ore drilling results at Mt...

  1. 3,267 Posts.
    I have been going through the iron-ore drilling results at Mt Caudan until the quarterly results last night and I'd love to see the company report an estimate of tonnage some time soon.

    The release on the 21 jan 08 reported 13 drill holes (from PKRC0001 to PKRC0013) with 51 metres at 58.8% Fe (plus numerous other metres by % Fe)and from last nights I have calculated from the next 6 holes, below the over burden, 22m of Fe from 31m in hole PKRC0014, 30m of Fe from 54m in hole 16, 17m from 44m in hole 17 , 17m metres of Iron-ore in hole 18 and 21 metres of Fe from 61m hole 19. There are 6 holes yet to be reported as I can work out.
    That's a fair average depth of Iron-ore.
    They say in the company exploration updates that " significant near surface enrichment" and " include an outstanding result of 51m @ 58.8% Fe" etc and it all looks pretty good but there has been no upgrade to the tonnage?
    With these latest drill results and the next 6 to be released soon I'd expect, a resource estimate might help shareholders see the picture the same way they do.
    Do we have any phosphate on any gda tenements? MNM (mantle)has been a good investment on today's news about their phosphate targets near minemakers(MAK). Gondwana, flinders copperco and mantle are all great long term prospects . I've bought my stake in them and am buying more Gondwana, the oppies are bargains at these prices but that's just my view of the world. I am sure there are plenty who disagree for what ever reason and that's ok.
 
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