GDN golden state resources limited
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is this right

  1. Proga
    5,375 Posts.
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    22/03/07
    23:20
    Post #: 2293544
    Story in the Australian
    http://www.theaustralian.news.com.au/story/0,20867,21418373-5005200,00.html

    To cut a long story short, it is mentioned one TCF is valued at $8b. GDN valued at $189m including options at 79.5c.

    Therefore, big IF, GDN find 1TCF, value of company excluding everything else they are involved in would be $33.60 a share ($8b/$189m*.79c) ignoring production costs ($100m max)

    GDN's target of 3TCF is not worth thinking about at this stage.
    GDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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