good news for gda holders that this stock has gone up. HOWEVER, there is nothing which supports this market cap. there is nothing about the tenements in australia, that are worth much more than the normal run of the mill exploration tenement. the iron ore at mt caudian is not worth anything at this point in ime (by comparison to the length, width, and intersection - then try and compare the results of mt caudian to the latest report from pol - and the estimated tonnage). the widths at mt caudian are far too narrow ). reading the reports, mt caudian had somewhere between 5m tonnes and 30m tonnes - and doing some quick numbers, 5m tonnes seems to be closer to the mark.
who knows, maybe there is something in a chinese link - but really would have to wait and see - as that is the only thing at this point in time that watso would even contemplate - but having said that, the chinese do not give anything away
ok - here is a question
1. watso has a spare $500. how many shares in gda can he buy ??????
2. in one months time, aunt molly will die, and she will leave watso $2000 in her will. how many shares in gda can watso buy in one month's time
3. what would watso's average price be ???????
4. if watso sells all these shares in three months time at 1.5c. has he made a profit or a loss ??? and how much is the profit or loss???? . can anybody give watso the formula, as it all seems a bit complicated
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