EM1 3.57% 2.9¢ emerge gaming limited

##gip holders only read##

  1. 24,765 Posts.
    If you've been investing in GIP for a period of time based on their story, then you might be interested in taking a position in this company which also has an interesting story.

    I am posting this under the GIP thread initially as the project fits in with GIP shareholders' risk profile, though I suspect a potantially huge project in Australia has significantly less sovereign risk.

    Remember how PMM ran strongly on its prospective iron ore development back in the 1990s? Right now there is increasing Asian demand for iron ore.

    This company is looking to develop an iron ore mine in Australia with a minimum 20 year life span. It has a huge iron ore resource, based upon drilling by Western Mining in the 1960s and early 1970s.

    As part of that preliminary study WMC drilled a number of percussion holes and 3 deep diamond holes
    up to 300m apart and conducted preliminary test work. on the collected smaples. WMC used a figure of 180 million tonnes of magnetite at 35% iron for the Mt Karara study.

    Aerial magnetic images and site reconnaissance of Mt Karara indicated that the iron bearing formation extends for over 4km. The grades, (35% iron) and widths (in excess of 100m) are encouraging. In addition there appears to be substantial upside with exploration based on files. Comments by WMC in the open file data that Mt Karara was suitable for beneficiation are also positive.

    There are now discussions with a number of groups including companies who may be interested in getting involved combined with offtake agreements.

    This company has had a history of sharp upward share price movements since listing about 10 years ago. These were associated with short mine life gold deposits which were successfully developed and mined.

    This time the company is looking at something big, with a long term life span. Based on its past history of successful development I believe it will succeed. I suspect this company has many hundreds of per cent upside in the price. Its name, GBG. Check it out yourself.
    Form your own opinion and seek professional advice.
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