GIR 0.00% $5.43 giralia resources nl

re: Ann: Initial JORC Iron Ore Resource for A... siameseparrot...

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  1. 1,341 Posts.
    re: Ann: Initial JORC Iron Ore Resource for A... siameseparrot

    Yes I did actually. But that is life. I say come back in a year, because GIR are effectively cashbacked - and as far as I can tell, will continue to drill and explore. In the interim, they may end up with iron ore resources in the hundreds of millions of tonnes. No bad thing.

    In a way I do agree with AJ as well, maybe the board are not miners - but its still a good exploration story. Thats whats the share holders want. Given the uncertainity in the mining industry, being an explorer is a good option at the moment.

    And the ability to acquire new projets as they appear without capital raisings is a real bonus.

    Life is a bit of a downer at the moment - but the sun always shines eventually...
 
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