agreed with most of your comments mate, but that would mean Iron Ore price will have to drop to below $50 / tonne or somewhere around that price range.
By then I believe even RIO and BHP would have significant share price fall and we might all looking elsewhere to invest then.
But at the moment the iron price is pretty healthy and steady for all the miners to make some decent profits, most of them have done pretty well but for some reason not GRR, hence I do believe GRR is being well undervalued at the current market cap.
GRR Price at posting:
39.8¢ Sentiment: Buy Disclosure: Held
(20min delay)