GDA good drinks australia ltd

given the mmi program seems to have been completed, then to turn...

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    given the mmi program seems to have been completed, then to turn up with one new anomaly seems to be a poor result. it appears that the parker range prospect is not over endowed with drilling targets. apart from zues, in which gda will be putting several holes,. the rest of the program consists putting two or three holes, into existing, small known resources. the most likely outcome for zeus, would be that it is similar to the other small deposits in the area. the chances of gda developing a stand alone mining operation at parker range would be extremely remote. any mining at parker range would be reliant on coming to an arrangement with sbm, who have milling facilities in the area. gda have an alliance with sbm, but that would involve sbm in paying gda some $10m for about 50% equity in the parker range tenements. it is hard to see that gda have anything to justify the payment of $10m by sbm
 
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