Investor - all true if GDN was a full-on producer but as a explorer the Accounting Equation of ASSETS - LIABILITIES = OWNERS EQUITY would be a more reliable measure.
If we all have patience, Owners Equity could be demonstrated by GDN as being higher than $100m which should then be reflected in Market Cap.
From the recent anns it is clear that this is what management is busy doing - when this is achieved, gas production can then be measured as enhancement to the net asset value rather than the sole measure of equity.
GDN Price at posting:
6.6¢ Sentiment: ST Buy Disclosure: Held
