supported by chinese investment GBG will progress into a australian steel sector powerhouse underpinned by a 2BT iron ore deposit with a 40yr mine life.
GBG iron ore resource will be the lowest cost magnetite operation in oz due due to very low stripping and railway access at start up.
okajee port is a certainty given that GBG will need the extra capacity as it progresses from iron ore miner and into local pellet production and steel mill operations.
it is much more economic to ship steel rather than iron ore and so a new port and steel mill at okajee would be a perfect fit supported by the certainty of a long life reliable local iron ore resource.
couple iron and a steel mill, and instantantly a big new port at okajee makes very good sense.
GBG Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
