re: the next ags GIR has been more than rewarding with its spin-offs... RHI has gone up over 700%, PMH was, and will be a cash cow, and UTO is going to have their JORC compliant resource early in 2007.
The next money spinner for GIR will be its ZINC spin-off. Capital structure likely to be announced to market in January 2007.
From what the company has told me, the Zinc spin-off will be just as tightly held as Red Hill Iron (RHI), however, the company believes better value will be derived for GIR shareholders as the zinc co assets are 100% owned by GIR. RHI was only 60% or so owned by GIR.
Not to mention, that the land drilled by Heathgate probably represents the worst of the prospective land that GIR holds.
Note that GIR holds ground IMMEDIATELY ADJACENT to "Deep South" and "Beverly East", so the upside potential is definitely there.
re: the next ags GIR has been more than rewarding with its...
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