Ann: Iron Ore Royalties Strengthens GWR Balance Sheet - C4, page-11

GWR looks seriously undervalued.

$14 Million cash with a current MC of only $27 Million.

Incoming royalties of $756,000 every month for the next 3 yrs with a total of $52 Million expected over the next 10yrs!

Iron Ore price hovering around US$130/t making the Companies other 11 high grade Iron tenements very attractive to investors.

"Importantly, GWR has undertaken pit optimisation studies and has identified two
high grade (>61% Fe) Stage 1 open pits at the northern end of the C3 Deposit for
immediate development.
• GWR has submitted a Mining Proposal for the development of the Stage 1 C3 Pits
that encompasses a 4 km long extension to the existing C4 Haul road, mobile
crushing facilities and associated infrastructure.
• A potential production ready C3 has allowed GWR to enter into advanced
negotiations with external parties to either purchase/offtake a portion of the eleven
iron ore deposits or to acquire the mining rights.
• GWR is working with these interested parties towards a potential June 2023
mobilisation at the C3 deposit which only requires a 4 km long extension to the
existing C4 haul road to transport ore to the Goldfields Highway."

GWR is also currently reviewing several acquisition opportunities.
Would be good to see the Company use it's funds to acquire Critical Minerals tenements for development!