GIR have a 16.6% interest in RHI and spun it out. RHI are sitting on a massive haematite body, but only have a 20% interest or a 2% royalty in all Fe sales. Whichever is the more attractive RHI have plenty of time to chose.
GIR have extremely strong fundamentals. Their latests announcements should have seen the SP rise above $1, but the latest market volatility has caused a few medium sized sellers to exit the market, creating bargain entry at present. Buyers are sitting and waiting until they buy this one up.