mcphee creek io deposit see asx ann, page-6

I think with the number of iron ore projects GIR has - with $77M cash in bank + investments - its ambitious exploration program over the coming six months (I am assuming that they start drilling at Earaheedy), GIR has the potential to easily outperform all other iron ore plays over the next 12 to 18 months - and be a mid-tier mining company by mid 2009...

Well that is the plan - but not an unreasonable one I think