GBG is a PARTNER to Ansteel and has been good to GBG for 7 years now with NO problems with the relationship.. that's not a bad record of support thru the last IO crash too.
once financing from Ansteel is secured to complete the Upgrade of mill etc to nameplate ..then ..
GBG at 7c = 100m mcap
GBG only needs to earn 10m NPAT a P/E of 10 to be worth 7c at minimum.
if GBG earn 20m well see 14c .. p/e x10
if GBG earn 30m well see 20c etc etc ..
post Financing solution what will GBG earn in $$$ with a 25% holding in KML at full production ?
farewell gbg, page-16
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