Ann: Daltons-MtWebber infill RC drilling confirms, page-5

re: Ann: Daltons-MtWebber infill RC drilling ... WC

Would suggest that GIR is still masively under-valued if compared to something like AGO. It must have at least double the amount of DSO. And AGO's magneitite projects are not worth much in the current environment - hence no annoucement of Ridley's to date despite Flanagans best efforts.

The Macbank report is alos full of holes - especially if you compare how they value AGO's assets and GIR's. The benefit for GIR is it has significant DSO, relatively close to port. If investors in Australia do not start to notice and value this company correctly - then I suspect that this company only has a short life span. Suely it has to be the number one iron-ore takeover target in Australia - by a long way.

And don't forget - McPhee Creek has a long way to go...