could be huge

Hi all

It would appear we have taken our eye off the ball and started concetrating on that big bloke on the other side. Let me explain why and you can come up with your own conclusions:

From GMM website:

The Shoemaker Iron Ore Project is located 120km north-east of Wiluna in Western Australia within the Earahardy Basin. The project focuses on an area of the Frere Formation known as the Shoemaker Impact Structure (?SIS?). The project is located approximately 150km from the planned railway to the Golden West Resources Ltd iron ore deposit at Wiluna.

GMM is targeting high grade hematite iron ore at Shoemaker. In addition, there is significant potential for mineralisation related to the large meteorite impact event including gold and uranium.

From ZNC's half yearly report released TODAY
read page 2

http://www.asx.com.au/asxpdf/20110308/pdf/41x9txl2kmbn34.pdf

From ZNC's investor presentation 16/2/11

Earaheedy Manganese?Zenith 100%?Zenith recognised manganese potential of the west Earaheedy Basin in 2010
?A new manganese province ?Zenith first mover, strong land position ?Granted tenements, and applications covering 75 strike kilometres of prospective stratigraphy?Infrastructure ?gas pipeline, Geraldton 750km, Kalgoorlie 600km

Earaheedy Manganese Why explore for manganese? ?Strong demand and no substitutes?an essential additive for steel, and steel production is rapidly increasing. ?Large market, accessible to a new producer ?major industrial metal, fourth most used metal after iron, aluminium, copper, 45Mt mine ore production worldwide 2008? Few good quality deposits ?concentrated in South Africa, Australia, Gabon*. China is the biggest ore producer and consumer but quality of domestic ore production is in decline. ?High quality deposits* can be large, long life, profitable ?bulk mining, minimal ore processing; unit value of manganese historically about 5 times that of iron.?Potential for modest capex/opex, early production ?comparable with DSO hematite mining and processing; higher unit value of manganese compared to iron means transport infrastructure not so critical.

PGamble

Are we getting the picture yet?

P.S What is our m/c?