JM69, I hold the stock on fundamental value. The share capital...

JM69, I hold the stock on fundamental value. The share capital ATM is only about $15m.

It has:

*No debt

*100% owned

*The same resource in the ground as when the sp was $1.26

*Gas finds of similar composition in all three random located wells

*#pb3 with only 2ft of 116ft of pay zones assessed.

*Cost allocation of first two wells was the aquisition cost of the field - Eclipse terms of farmin!

*Iron ore royalties to come at over $2 per ton of gross sales - Cliffs are a very large operator - over $5b Cap

*Book value north of 30c even before Golden Eagle gets upgrade and market appraisal

*massive upside prosects - field has virtually no exploration to depth

*A narket too dumb at ATM to see past the bottom of #pb3 to the huge underlying and prospective value

*instant share spike if and when GDN decides to push this up the nose of the punters and prospective investors

Quite frankly I don't care too much about what gas comes out of where until the field is properly discovered for OIL and GAS - The fundamental value is good enough for me and the oppys will be good too when the rest of you punters wake up to the facts of fundamental value - What a BUY!

WHY SHOULD'NT I HAVE THE SENTIMENT OF "STRONG BUY" LOL???