Ann: Significant High Grade Iron Intercepts , page-6

I agree that if management could get their act together GWR at these levels is a steal.

I think the market continues to discount this stock, and will for some time, until all this FAS B**&s*#t is sorted and all the baggage that the relationships bring along with it. ( I dont see annnnnny benefits at alllll with GWR being associated in any shape or form with that company). Please excuse my opinion those who disagree here.

I think that iron ore deposits in the midwest are pretty worthless EXCEPT if they are of the size and grade that GWR is obviously sitting on. In this case it is anything but worthless.

I continue to believe that Cleveland will take GWR out in the long-run. Koolyanobbing is not the mine is maybe once was. I believe they will want to take us out for the long-term consolidation of the region - in their favour.

The chinese on the register is a bit of a curve ball. But a favourable offtake agreement should sort them out...or perhaps a stake in Clevelands Aussie iron ore play as a whole.

Whatever the case I think GWR will run hard with the right circumstances. Definately management risk though - who knows what deal they'll strike but I continue to hold from these levels as a play on the value of this massive ore body.

Not without risk. If i bought higher then current prices I would probabaly feel differently - but thats just me.