Well it looks like they're going to blow estimates for 250Mt to low 300Mt DSO out of the water.
Wow. What a great result and what a great upgrade to the exploration target.
I suspect whilst they are referring to trucking operations to Port Hedland, they will only do this analysis to provide the base case scenario. Will provide a base case NPV to add onto the valuation of GIR and stick it in the face again to everyone as to how undervalued this company is (even without confirmed port access).
I have no doubt that now with a resource this big they will look at all options regarding transportation. Port facilities is the obvious other hurdle.
Someone mentioned takeover target - absolutely.
GIR Price at posting:
$2.28 Sentiment: ST Buy Disclosure: Held
