mega blue sky

I scooped a few shares yesterday...thank goodness I did.

The next 12 months are going to be explosive. Day traders can dip in and out as they see fit but, I will continue to buy and hold.

Having said that, I believe that upwards of 80% of the shares are probably held by people like myself and once we are joined by a few more then the 20m shares traded by day traders will soon dry up.

Why am I a holder and not a trader? Because, ever since I bought into Goldstar (July 2006), Blue Sky is All I See!

What follows is a I short summary of the key points from today's excellent announcement...

1. GDR has identified numerous NEW grteenfield dyke bulge targets within the southern portion of the RCL

2. Up to 5 potential new lines of mineralisation

3. Which is considered to have significant implicatins for the Exploration Potential (currently stated as 3.5moz)

4. Fig.1 shows multiple greenfield dyke bulges within 1km radius of Eureka/Walhalla Proprietary which are likely to host significant tonnages of high grade quartz reefs

5. GDR estimates that it has only drilled 10-15% of the dyke bulges within a 1km radius of Eureka/Walhalla. If this is accurate then the exploration potential will explode on proving up this small area alone...let alone the other 315sqkm of the GDR lease!

6. Ground truthing by way of close spaced ground-based magnetic survey between Eureka and Walhalla Proprietary will be followed by new surface drilling programs.

7. Additionally, GDR intends to conduct a close-spaced aerial magnetic survey over its entire 315 sq km tenement.

8. In addition to the new dyke bulge targets, GDR has identifed a further 5 lines of mineralisation - one in between Cohens and Eureka and 4 to the east of the RCL

9. GDR now publically states that it expects the RCL to be significantly larger than the 9km strike length previously identified. Think... more like 20km!

10. GDR intends to produce a substantial upgrade in the overall Exploration Potential in the next few months.

Wow...that's good enough for me.