Iron Ore Explorer in Mid-West Region
Current Market Cap $250M
Current JORC resource 50MT @ 61% Fe
Estimated resource 250MT+
Looking to break out in the past month, with above average volume and has appeared to be held back by share price manipulation especially the closing price, since hitting $2.55. I have been watching closely and every run up each day seems to be stopped by a large sell off. Possibly due to long rumoured merger with Fairstar Resources.
Appears to be the very last Fe Explorer in the region to shoot north.
Strachan Report looks promising purely based on fundamentals and shows its current undervalued state.
Based on price movements twelve months ago, GWR appeared to do very well first two weeks of July. It looks to do the same again this year, IMO i think this is the last few days before a/the break out.