math lessons for wtbd

wtbd to illustrate the meaning of QUANTUM

watso had a quick look at copperco, and as at jan 2007, the global resource at lady annie, was 358000 tonnnes of contained copper, and at a price of us$3.25 per lb - then in rough terms that is 900m lb of contained copper, worth about us$3bn


when compared to the inground value of gda's "small footprint" deposit at golden virgin which is about 10,000 oz worth about us$9m - then that is what is referred to as a QUANTUM difference. watso trusts that he has explained himself as to the meaning of quantum.

the consolidation of the share capital of copperco, per se, was not the reason for the share price increase, but simply because of the underlying asset that was introduced into the company via buka minerals - and the increasing value of that resource

seeing that watso has his calculator out, watso has worked out losses for those who thought gda was a screaming buy at 5.5c. for every 10,000 shares held, the savvy investor has lost $300

for every 100,000 shares the savvy investor has lost $3000.

wtbd, if perhaps the battery in your calculator does not work, simply post the number of shares that you bought at 5.5c, and watso will calculate your loss

gda was worth $5m on december 31, and untill they start to find something, then that is the value of the company. wats could even give you a breakdown, by asset, as to its value, and that would still amount to about $5m.. at the present market price the stock is still grossly overprice - oh of course there is always hope, but watso would suggest that any move towards 5c would be met by wave after wave of selling, as those suckers who believed the hype, in the first week of january, will realize that they were fooled, and will bail out

wtbd - suggest that you look at warnie - who is no longer interested in the stock - he obviously bailed out, as the stock no longer represented value