Ann: Grange - 31 Dec 2013 Annual Report to Shareh, page-3

re: Ann: Grange - 31 Dec 2013 Annual Report t... its all on PAGE 8

grr is paying 3c fully franked dividends,

that's up by 1c .. isnt that fundamentally good ?

shows strength of cash accounts, confidence in short and long term business.

NO debt
Cashflow Positive 50m pa

low Mcap under 300m at 25c

HIGHEST GRADE IO on the Market .. PELLETS attract premium over all other io products.

Pellets NEEDED by CHINA as a buffer additive to the lower grade cheeper io, to help REDUCE the POLLUTION in Chinese cities .

GRR pays 10%+ divies = 3c .
has long term mines =25y
no debt
160m cash in bank ..
earns 110m+ pa free cashflow with these LOW IO prices
net 25m profit for 2013
etc etc etc ..

have fun :)