This company has had a lazy balance sheet for years. If this...

This company has had a lazy balance sheet for years. If this wasn't controlled by the Chinese, that cash would have been used for m&a years ago and they wouldn't be a single mine operation. Instead they've been content to sit on the cash pile, with no incentive to do anything other than keep the current mine running. The play into the property market was a head scratcher. The cash pile is actually a dead weight on the share price, without that cash the market cap would be much smaller. It's much easier to go from 150m market cap to 300m, than from 300m to 600m. With the iron ore price rocketing, the GRR sp will appreciate but not at the same rate as some of the other up and coming junior iron ore plays.