GBG
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0.00% 2.9¢ gindalbie metals ltd

fundamentals don't lie and always win, page-19

  1. JustMyLuck
    880 Posts.
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    21/12/12
    07:22
    Post #: 11215538
    Margins are not that skinny.

    At today's prices (IO 62%) fetches about USD$130/t

    GBG's operating costs (according to their presentation in November) are in the order of USD$80/t.

    The gross margin is very healthy when you consider that magnetite concentrate (again at today's prices) would fetch about USD$150/t given the higher iron content.

    GBG Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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