way oversold, at these prices GIR is valued on its listed investments and only some of its iron ore (beebyn ~7mt, Beebynganna ~7mt and eraheedy ~8mt - sourced from a recent brokers report)
and NO value attributed to: i. beebyn, beebynganna upside - and MIS and Sino will have been talking to them
ii. eraheedy upside - 1bt exploration target and surrounded by Rio and BHP
iii. Western Creek, marra mamba to 63.5% extensions of BHPs Silver Knght project
iv. McPhee Creek CID around 54%, 80k N of FMG and next to BC Iron
v. Snake Well ~170koz gold PFS?
vi. Dalton Nickel - +20% Ni sulphide with plenty of upside VTEM and EM conductors follow up
vii. Lake Frome
viii. Other exploration projects
Agree mgt need to focus solely on FE projects to underwrite the valuation as the mkt is confused - great story but needs to be told to a wider audience...
I hold
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held