This is exactly the setup i look for in an investment. Would like to hear others thoughts on it.
General Mining is exploring for Fe and Mn at the Shoemaker Project in the Eucla, roughly 100km + further inland from GWR. Aswell as Potash in Mongolia. Interestingly China has the worlds biggest difference between potash use and potash production. So a void needs to be filled somehow.
Current SP 10c
Shares on Issue 40m
Cash at Hand $3.7m
Expenses this Quarter $284k
Rock chip samples so far have identified surface hematite results of between 50-65% Fe and also 21-43% Mn. First stafe drilling is planned for these targets later this year, once all approvals are granted.
GMM also have a IOCG prospective Eyre Project in WA, though this drilling program has been stopped due to wall stabilisation problems.
Has common directors with Galaxy Resources.