Plough
Please tell us where you got the count on empty apartments. Where are these vacant apartments located ? National oversupply does not equal oversupply where people want to work. This is a country undergoing massive internal migration and empty housing may be at the villages they left.
I am not a metallurgist but palletisation is a post mining process and is expensive due to the amount of fuel required for sintering.
It seems to me that GBGs projected costs are <$50Aus per tonne FOB Geralton and another $7.50 US to the Chinese port at Quingdao. Add state and federal taxes ?? vs a current sale price of over $115 US per tonne.
Seems to be plenty of room to run a profitable mine even if ore prices fall further.
As well with its ownership and large investment I cannot imagine Ansteel buying at market price from anyone else. After all they made the investment to ensure a future stable supply
Cutsnake
- Forums
- ASX - By Stock
- GBG
- stockbrokers like gindalbie's upside
stockbrokers like gindalbie's upside, page-18
-
- There are more pages in this discussion • 21 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 GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online