News

May 14, 2008

A Timely Focus On Iron Ore And Beneficiation Looks Like Generating Big Rewards For G4G Resources

By Alastair Ford

“Primarily our aim is to be producing iron products”, says Peter Arendt, chief executive of G4G Resources, a Canadian junior that’s just emerging with a new identity after a series of corporate transactions towards the end of last year. When Peter Arendt, backed by Basil Botha and the other chaps at Cash Minerals, put G4G into an old shell called SYMC Resources, in December 2007, the company’s shares were trading at around C$0.12. That was double the 52-week low of just C$0.06, which goes back a long way into last year. The new 52 week high, however, is a startling C$0.52, and shows just exactly what the market thinks of the new company, its assets and its management.

Of course some of that price strength is also down to timing the move to focus on iron at just the time that high iron prices were really hitting the headlines ahead of the contract negotiations with the Chinese. But in Peter Arendt and Basil Botha, G4G can demonstrate a successful track record in mining, while the two main strands to the business - the acquisition and development of iron ore properties, and the deployment of a proprietary beneficiation technology - show the company’s desire...