You people might be interested- some time back GIR spun off CAP, Carpentaria Exploration, and kept 10 percent of it. Well, CAP is starting to run up. They have found 200mt of magnetite iron ore in one anomaly south of Broken Hill, and there are three more to drill which have not had a single hole yet. The aeromagnetic surveys suggest there is potential for a billion tonner here, and its magnetite- very high grade. Its close to the line to Port Pirie and Port Augusta, plus the infrastructure and workforce of Broken Hill. Ring your bell? Oh yeah- and there is Onesteel at Whyalla.
GIR Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
