Ann: HLX: Helix and Giralia to Spin out Gascoyne, page-3

re: Ann: HLX: Helix and Giralia to Spin out ... WC

Actually, there are heap of things they have that a lot of people don't know.

They have had those tenements for some considerable period of time. GIR have managed to prove up those ounces by themselves. But it doesn’t make sense to keep them now. For the same amount of drilling, the money could be better spent on their iron ore tenements. And by doing so getting a bigger bang for their buck.

However, with gold going the way it is – this gold IPO may actually be a good float to get into.