Ann: Mt Webber Deposit Scoping Study Outcomes , page-11

re: Ann: HAO: Mt Webber Deposit Scoping Study... hi to J who emailed me

sorry, i have installed new internet and my outbox is not working

but regarding the scoping study, this is too small in respect to GIR's overall projects for me to make an appraisal

based on current shares on issue and another 30% equity for the project, Daltons can earn 9 cents EPS at current iron prices

however, when adding in GIR's other projects, they are targeting an additional 3 producing by 2012, which adds another 6.5mpta

plus other exploration targets

all I can say is there appears to be ALOT of upside on GIR over 3 years

however, the quality of the iron ore and transport arrangements is still very speculative

best wishes

v