minesite sees gir undervalued by market

Interesting Minesite article on GIR for anyone who hasn't seen it. Excerpt here and full URL below:

September 02, 2008

""Investors Who Haven’t Done The Numbers On Giralia Resources’ Iron Ore Properties Might Be Missing A Trick

Charles Wyatt

No doubt about it, Giralia Resources is one of the most fascinating companies operating in Australia. Not only does it have five wholly owned iron ore projects, three of which are high grade hematite and close to infrastructure, but it is also involved in the Lake Frome joint venture which adjoins the Beverley uranium mine in South Australia, and has a gold and a nickel sulphide project to boot. Iron ore is top of the pops at the moment and it has been suggested that the price of iron ore may go even higher if BHP Billiton succeeds in taking over Rio Tinto. It’s also been suggested that uranium is due for another run after fading from the limelight over the past year. In addition to all this Giralia has A$76 million in the kitty as well as a portfolio of shareholdings in six listed companies which it has spun off, worth A$9 million even in today’s bear market.......etc"

Link to full article here:

http://www.minesite.com/nc/minews/singlenews/article/investors-who-havent-done-the-numbers-on-giralia-resources-iron-ore-properties-might-be-missing-a/895.html