Total diluted share 1 bilion shares 2011 Profit forecaset 59...

Total diluted share 1 bilion shares
2011 Profit forecaset 59 Million
Approx 6 cents EPS 2011
Production 2011 120000
Gold price 1234/oz
presently gold is 200 dollars more which is extra 24 million that is another 2.5 cents

Also the production could increase 150000 for 2011 that is add another 3 cents

with more then 24 million oz resrve as big as lihir gold which got sold for 15 billion GDO market cap is only 275 million

give a total of 11.5 cents now gold comapny normally on ASX PE ratio of 30 however in case of GDO lets take half of it 11.5*15 will give SP of $1.725



Certainly not overly conservative, but it demonstrates the profit potential is at the prices. And in this already low valuation, subject to the achievement of goals is to be understood and related Ventersburg mine Goliath mine absolutely zero consideration.

Also the production in few years will be around half million oz it is next blue chip on ASX