golden iron resources - ipo, page-6

Gold is certainly the place to be atm, with the metal reaching fresh highs recently and all the doom and gloom surrounding sovereign debt.

Broker forecasts for gold are constantly being revised upwards with many talking US1500 ++ over the next few years.

Iron ore not a bad place to be either (if they can prove it up)

The Mt Dimer project already has a JORC resource of 70,000+ Oz gold (measured indicated and inferred)with most resources open at depth and along strike.

Notably the gold zones have associated high silver content at a ratio of somewhere near 1.4ag:1au.

What strikes me the most is the exploration potential and the likelyhood of significant upgrades to the current resource base.
The Mt Dimer project alone has
20 targets
10 of which contain JORC resources
15 known unmined lodes
18 significant unmined intersections many of which are in the order of 20g/t+, several in the 30g/t - 70g/t range. Most seem to be shallow targets.


This is just 1 of 7 projects in the region held by Golden Iron.

One thing that was pressed at the investor preso is that these guys are very keen to advance these projects quickly to a stage where they can be exploited and they believe that the nature of the ground and the resources coupled with fairly extensive in place infrastructure will allow them to do so in a very cost effective manner.
They stated that the resources are within easy distance of milling infrastructure in the region.

I have decided i am in. Are there any HC posters looking at this one also ? Always good to hear the opinions of others following the same stock, get a feel for the level of enthusiasm (or not).
IPO due to close 15th June