Ann: Giffen Well iron ore project option agreemen, page-21

re: Ann: Giffen Well iron ore project option ... These guys did a great job but now seem reluctant to cut costs whilst they look for an opportunity.

Surely the board could be slimmed considerably and why on earth don't they get rid of the accounting/secretarial overhead and use one of the many outside professional bureaus used by other micro/juniors ?.

If Bob thinks access to capital will quickly follow his discovery of a bargain asset then, in this market, is'n't he dreaming ?.

In the meantime we have this (IMHO) rediculous cash burn.