gbg beats ago and fmg, page-47

I never said they wouldn't want to use Karara ore as soon as possible- of course they would.

BUT, if it isn't available do you think they will let the pellet plant sit idle, rusting on the Chinese coast while waiting for Karara ore? That's what I meant and you know it, you little minx.

I can answer your question but you already know I can.

I'll pose a couple of better questions here that will drive home the point to you clearly, and please, everyone and anyone on HC feel free to reply to it-

GBG's conversion rate was about 2.54 to 68% fe from memory, so-
What would people prefer? -

GBG to be sitting on 2.5 billion tonnes of 36% magnetite, or,
GBG to be sitting on 1 billion tonnes of 68% hematite?


I'll give everyone another question too-

What difference would it have made to GBG's shareprice if the Karara deposit was 1 Billion tonnes of high grade 68% fe hematite as against magnetite?