new steel mill, page-8

I'm with you Riddick. Ansteel spent $5US billion on a magnetite steel mill because they thought it would be fun? lol.

Come 2010 we will be laughing at all the magnetite haters. GBG will be a giant company, especially when Karara is doing 20mtpa and 10mtpa from Lodestone by 2015. IMO no magnetite play competes with GBG's resource potential and management experience. GBG is a blue chip in the making, and its thanks to Ansteel that this is possible.

Hold these and don't let go. The iron ore boom is here for a while!

DYOR