I agree that the compamy should give the spin offs a rest. Just look at how the recent ones have performed - ZNC and CAP are well below issue price.
I think it would be better for the compsny to get the Snake Well project up and running, which they were going to do a few years ago, but their priorities shifted to Iron Ore.
I think Snake Well woudl be very profitable at the current gold price, which would further fill their bank account to develop the iron ore projects.
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held