The AGM presentation for 19.11.07 is under the presentations and reports button at the top of their website homepage. This is an excellent summary.
There are 3 lots of iron ore exploration occuring this quarter
Beebyn This has a target of 10-20MT of ore. There should be a JORC res out by the end of this year. It may differ from their stated target
Beebynganna is a sampling and mapping exercise which will firm up a target res but will be maybe 6 mths away from a JORC res GIR is hopeful the res is 50-100MT
Earaheedy is undergoing reconnaissance drilling 40 widely spaced holes. These results may be ready for the next quarterly report. This prospect may not have a JORC res for another year. The coy believes the strike length and info gathered to date could indicate a one billion tonne res.
The company is conservatively managed and has produced outstanding results to date for shareholders. But they wont release speculative info to keep the price bubbling along. Thus the price will be vulnerable during periods of no news. It is an investment for longer term investors.
Regards Warwick
GIR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
