karara update, page-40

or did i just do the maths and saw VALUE in gbg

GBG MAGNETITE is HIGH GRADE 68% !!

a 80m mcap cash cow in 2016 ????

producing 10mtons pa for under $80ton when at Full Nameplate capacity in 2015 .

gbg will hold 47% = 4.7m tons

after cleaning up another $230m of obligations for the KML development ..GBG will have 38% and be DEBT FREE !!

38% of KML and Debt Free .. production improving becoming cash flow positive in 2014

GBG has had to swap part of the farm for cash debt and tons .. so what ??

GBG will be DEBT FREE with a NET 2 to 3m tons pa = PROFIT

GBG MAGNETITE is HIGH GRADE 68% !!

if IO price AVERAGE near or over $100 in 2014 /15 /16 ...its all going to be ok for GBG