just out of curiosity, what id like to know is progress on this...

just out of curiosity, what id like to know is progress on this part of the march 2011 mines and money conference presentation which was presented in Hong Kong ( in particular, notes on page 13 highlighted in red )

- new gold and lithium exploration plans for 2011 on the Khangai Fault Licences held (six months till years end)
- talks with vendors in Mongolia and Kazakhstan on gold, copper, coal and other projects - ( interesting, seeing other projects listed-just imagine if Boris, behind the scenes, has been trying to secure another potash project. wouldn't that silence his critics and re-rate gmm with more exploration upside)

whilst also making this post i noticed that a previous poster said that they wernt saying that they hit iron because they hadnt to date and could in fact have hit water- i would just like to clarify from our march 2011 activities report that exploration in 2010 at our shoemaker prospect has ALREADY confirmed the presence of extensive high grade iron ore mineralisation at surface-

additionally, 30 rock chip samples collected from hematite rich surface outcrops yielded high grades from 50% to 65%Fe in the 2010 exploration season so as much as its not a sure thing that we have the goods at the Shoemaker project, this project is far from a greenfield target. The current 30 drill hole program being completed isnt essentially trying to identify whether or not we have iron ore and manganese, but moreso understanding the

- vertical extent of the surface high grade mineralisation+
- targeting possible bedded+taconite style iron ore mineralisation in the Frere Formation

Holders of GMM should be optimistic about the fact that we have an impressive suite of potential company making projects and a small market cap which has been heavily overlooked by the market to date. With a good suite of announcements and exploration success coming at the right time hopefully when markets have rallied and stabilised, the re-rating longers of GMM have been waiting for will come. Ultimatly we are still a screaming buy imo with a small market cap and very little issued shares on market to be traded.

In conclusion, particular note should be made regarding our latest cap raising which placed 6,947,234 shares at an issue price of 17.5 cnts a share. Many have commented on how a wall forms at 18c-18.5c as soon as we seem to be moving to higher grounds, but until the weak hands from our latest cap raising have left the share registry, thats when the real excitement will begin in my opinion . A profit is a profit at the end of the day so you cannot blame investors to take it especially in the current volatility around global ,markets. Rest assured, that GMM have the personnel, exploration tenements and low market cap to make it a asx darling stock when its time is right


interesting abstract : http://econgeol.geoscienceworld.org/cgi/content/abstract/90/3/520