ansteel , page-3

Based on the expectations of lower IO pricing for the next year, or two, 85c would be around the price you could expect for GBG when they are actually returning their first profit, which won't be until FY2011.
In the meantime if the market values GBG at anything substantially above this figure, it will be a bonus and a trading opportunity.

So with all the hype now well and truly out of the IO sector, between now and end FY2011, I see 85c-$1.20 as a reasonable price for the share (based on calculable profits) and any justification for pricing substantially over that will rely heavily on IO pricing being better than the expected 30-40% reduction, or news of a ramp up in production back to the abandoned 12 mtpa or above, or, news of involvement in some acquisition outside of GBG'S tenements.