new jorc resource , page-6

I believe that since they have put most of their effort into iron they are appearing on several radar screens. They are on target to reach 50MT of high quality hematite in the Beebyn Weld range.
Earaheedy is only 80kms from Wiluna where the proposed Midwest rail ends. Also Earaheedy appears to be within 50kms of the MIS property in the Robinson Range
If we include Earaheedy in the Midwest region then GIR could establish the largest JORC RES in this area within 18mths if they reach their target res. With their other unexplored iron ore properties and their multitude of properties and investments they are a definite target.

But the top 20 are very loyal. I believe a bidder would need to produce a cash offer well above the current sp to gain over 10%.