How about a bit of fun? Question on mind: 1.When they prove up the first billion ton/mega deposit. 2.Which one it will be. A tightly capitalised "junior" with the hottest leases for the hottest ore in the hottest places and a new $100m million in the kitty and it only makes $1.11? Has to be a starter in the champions trophy race. Starting to rather like the jockeys too. A globetrotting geophysicist mate told me he liked GIR yonks ago. Time for some more. Off to the races. Plenty of sellers. A nice "chicken" dinner coming up? (Or will i end up on the spit?)
Mountains of high grade direct shipping iron ore coming out of the shimmering haze of WA and the biggest concentration of hungry blast furnaces on the planet in competitive shipping distance. No canals. No ship size restrictions. Shared infrastructure. A lot can be put straight on the rail wagons without sorting. Not a bad formula for a junior with a pocketful of cash for exploration.
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
