still overvalued, page-11

I'd agree Roamer in the sense that GBG has a massive tenement which already has 2 large deposits of magnetite from only 10% of their tenement being explored.

There is a good possibility that further large deposits of magnetite could be found under the hematite outcrops(as GBG has stated) as well as from further surveying in unexplored parts of their tenement and JV tenements.

GBG could well prove to be comparable in resource to other large IO explorers such as FMG over time.
It is highly unlikely that what they have discovered so far is all their is, considering only 10% has been explored.