Yes, GMC is close to the power station where diesel generators will be used to generate power.
Have you checked the price of a barrel of oil lately? A 20% increase in a barrel of oil has already taken place recently. Checked the price at the Aussie fuel station lately?
http://www.infomine.com/investment/metal-prices/crude-oil/5-year/
If the Indonesian Gov't continues to subsidize power at current prices it won't take long before they're bankrupt. Won't be long before Indonesia will need another handout from Australian Gov't courtesy of the Australian taxpayers.
- Forums
- ASX - By Stock
- GMC
- Ann: First Two Smeltering Furnaces Shipped to Kupang
Ann: First Two Smeltering Furnaces Shipped to Kupang, page-21
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online