http://www.giralia.com.au/reportDocument/Bell%20Potter%2018Jun10....

http://www.giralia.com.au/reportDocument/Bell%20Potter%2018Jun10.pdf

Bell Potters opening line:

"McPhee Creek shaping-up as one of best assets in Pilbara."

Followed by:

"Recent?strong?drilling?results?at?McPhee?Creek?indicate?GIR?has?discovered?a?
substantial?hematite?deposit.??We?estimate?the?resource?growing?to?200-300mt?
of?Direct?Shipping?Hematite?Ore?(DSO)?material."

New price target of $2.45. Moving from Neutral to Speculative Buy.

They are starting to confirm some fairly sizeable numbers across the southern section of McPhee Creek. Close to surface. DSO grade. THICK.

Looking forward to seeing the rest of the results come through over the next few weeks.