Hi fellas, I've held both GIR and PMH a long time now. Correct...

Hi fellas, I've held both GIR and PMH a long time now. Correct GIR spun off PMH a couple of years ago and holds an 11% stake or thereabouts, and share MD as well as a number of other Board members and major holders.

The Nevada holdings however are 100% PMH held and so no significant outcome for GIR with this until it is determined what will be done with the resource (later this year). Yesterdays annoucement is positive though - Blue Hills was a prospect til recently and yesterdays annoucement confirms it provides significant extension to the overall Ann Mason resource estimate (now undergoing confirmation) of 810m tonne of copper/moly as well as some recent ore/gold finds in the area. The fact that Canadian companies have staked all final tenements is great - anyway as said above, we will soon enough know if this resource is to be tapped or sold - and thats where GIR will get some value.

Worth also to keep an eye on Blue Rose in SA - this is GIR, PMH JV (GIR 25% from memory) and drilling is underway with funding from SA gvt - we usually see a decent kick for GIR when progress here is announced - although I think the iron ore is in most investors/traders sights at the moment.

All in all, these guys are for real and the strategy of spinning out exploring world class tenements to maximise value is working for Giralia - look at what they have just achieved with RHI - and now all cashed up to play out the WA ore and probably Blue Rose too.