Giralia Resources {$2.35 37.0 18.69%} stock was very strong today, surging +18% & not sure why, but its worth considering that at the beginning of 2004 FMG had a market cap of $100m, had a major drilling program underway targeting 700-750mtns resource. That dream is now a $13bn company (was $35bn in 2007) and the CEO is now Australias richest man. Compare that today to GIR which has a market cap of $350m, 180mtn resource and major "GAME CHANGING" drilling program underway. Its been 3 weeks since GIR announced its major resource drill-out at McPhee Creek was underway so cant be long till we start seeing some of these results that management believe have "very large tonnage potential, well in excess of the conservative 100-140mtn short term target". Is GIR the next FMG???
GIR Price at posting:
$2.35 Sentiment: None Disclosure: Held
