bargain, page-8

Bon jour Brucey

It is self defeating for a shareholder of GIR who believes the company shows promise to attack the analysis and optimism of a very long term fellow shareholder of GIR.

Furthermore to refer to that fellow shareholder's analysis as rubbish and his predictions as getting carried away is both pejorative and peurile.

The information on GIR's website shows the company's growing emphasis on iron ore. They have a JORC res of 7.2MT and are heading towards 50MT in the Beebyn Weld area. At a conservative rate of $6 per Tonne this is worth $300mill or nearly $2.00 a share
The bigger prizes at Earaheedy, Western Creek and their other ore properties have a combined target exceeding one billion tonnes.
The diversity of GIR is also one of its strengths. An investment portfolio approaching $50mill could fund a lot of iron ore drilling if needed.

You mention a host of negative events that may descend on us next year. If you are fretting about these then you should place all of your money under your matress.