To Dave and ALL!
In a prior post, I estimated that GMD has ~3 million gold-equivalent oz. gold (taking into consideration the potential worth of the base-metal and diamond properties), and I calculated that one GMD share is worth about $14. As GMD is currently trading at ~$3/sh, the stock is very much undervalued.
From Thomas Schuster's report on GMD which will appear on the front page and possibly on some other page(s) of next week's Northern Miner and from Dr. Webb's post (the one immediately preceding this), it would appear that GMD has at least 3 million (plus, plus) oz. gold alone on the Ormsby zone and Discovery mine site. Add to this the potential worth of the diamond and base-metal properties, the $10 million already spent, and another $6 million to be spent, on the GMD properties and whatever cash still remaining after this, a GMD share is probably worth at least $18 to $20!
Hang on to your shares, folks, and buy some more while the going is good! Some of my buddies told me they would cash in their mutual funds and buy some more GMD shares ASAP next week! Yea! let's us keep on buying to frustrate the short sellers!!! And why not? After all, they have been frustrating us bigtime, longtime.
Cheers!!!
Richnorth
P.S./N.B. The above is just my opinion. I am neither a broker nor an insider/associate of GMD. I am just an individual investor with a significant position in GMD. |
