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...
GIR Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held