GRN gravity diamonds limited

re: best mover today? The reason for the sudden interest in GRN...

  1. 6 Posts.
    re: best mover today? The reason for the sudden interest in GRN could be related to :

    1. Kimberley Diamond Co. joint venture as it jumped 10% on thursday, although I know of no news expected.

    2. Drilling results from the prospects in the Broken Hill area as they are about due.

    or my favourite is

    3. The West Australian State Govt. providing $12mil funding (and hopefully an additional $12mil from the Commonwealth Govt) for an airborne survey of more than 600,000 square kilometres of the states mineral areas. The information is available on the following links.

    http://www.wa.alp.org.au/media/0204/20001662.html
    http://www.sundaytimes.news.com.au/common/story_page/0,7034,8644991%255E2761,00.html

    If this initiative is with GRN then I would assume it would be on similar basis to the Broken Hill area survey. There $550K from the NSW mines Dept funded a 1,000 square kilometre survey which provided 18 targets in the Broken Hill area. GRN in most cases is earning a 60% interest.

    A 600,000 square kilometer survey in West Australian mineral areas would provide a lot of targets.

    I will post on Asxboard and Hotcopper.
    I Hold.
 
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