Retrac, I'd say many multiples of current price if initial...

Retrac, I'd say many multiples of current price if initial drilling proves successful, and an initial resource (that meets expectations) is released within 12 months.

I base this on the fact they will be targeting extensions of the GEMCO ore as it runs off BHP's ground and into GOT's new exploration areas. These new leases are 100's of sq Km's of very prospective ground. GOT only needs to find say 1km of mineralisation (averaging 3m thick) to get $2.5Bil ore. Not a lot of shares on issue, and doubt there would be any issue raising cash at a good price to quickly move into development. Proving BHP don't put an offer to the company in the meanwhile. I do hope GOT do mine though as they will make much more $ over time.

The Groote ore is about 50% Mn, it doesn't need to be hauled 100's km by rail to port and thats why its one of the richest Mn mines on the planet, period.