IMO, GIR is very undervalued. While they are spinning all their U leases into U308, they are holding onto the Lake Frome/Beverley leases. This indicates a lot! Their Lake Frome EL's are MASSIVE! They include large blocks of uranium bearing leases that surround AGS' newly discovered deposit, & both South & West of the Beverley mine
Evidently during the "dot-com" boom, they went on an accumulation binge, buying up exploration leases cheaply. Hence, the vast amount of EL's they have been able to float. They still hold a swag of them too! Hats off to smart management who were then willing to pass on benefits to shareholders.
I have taken a strong position along with AGS