they confirm $214m EBITDA for GBG 50% project share this equates to a $6 sp based on a p/e factor of 12
the analysis is based on a 10mtpa mining operation and confirms there is considerable scope for future expansion ---------------------------------------------------
china has many steel mills large and small. the gov is promoting industry consolidation
how will this impact on aussie ore miners with chines jv partners ??
the chinese gov has slapped a export tarriff on their metal industry to discourage enviromental degradation
will this policy bear more favourably on steel mills using magnetite processed pellets which are more energy efficient and are less polluting ??
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held