gippsland has more than tripled its tantalum resou, page-4

Hi Shaboo,

Although a trebling of the resource base doesn't necessarily equate to an immediate trebling of the share price, one would expect a fundamental reappraisal of the company's worth by the market over coming weeks, particulalry once the BFS is completed.

What price would you put on it medium term? Once mining is under way (and few obstacles seem to stand in its way, according to the announcement), the company is sitting on a resource valued in billions, yet its market cap even after yesterday's 40% leap is only around $10 m.

Will it be a case of "show me the money" from the market i.e. waiting for mine production? Or will the re-evaluation come much more quickly? What's your view?

I've been reading everything I can find about GIP over the past fortnight and even though I don't believe in fairytales, this has more of the attributes than any other story I've heard. In fact it was that very aspect that made me cautious initially. Consequently, I didn't jump until the announcement but was lucky enough to pick up a bundle at .081 yesterday.

Exciting times. Good luck to all,

Gupper