up on good volume and abreakout, page-19

The sp is being driven by many factors
A strong cash position
A stable of listed investments worth over $50Mill
Look at the latest annoucements from them UTO, PMH,
RHI, PEN, HAZ, ZNC and Carpentaria to come

They have proven iron ore expertise in the coy. Look closely at RHI a spectacular performer
Only now are the very conservative board making comments more regularly but with none of the hyberbole
exhibited by coys with a fraction of their pedigree.

They have the same 25% free carry at Lake Frome as AGS has with Heathgate for U but are behind AGS in their drilling. AGS still has twice the cap

Todays announcement re Earaheedy is enough to put
dollars on more showy coys. This is a potential res of over one BILLION TONNES. Its readily assessable. Its not magnetite. This is a Fortesque type deposit. Once JORC reserves are established GIRs new price will enable
it to be included in ASX indices and to be covered by the whole broking community.
This is a long term hold