From Thewest News Paper.22/08/09 Stock Tips. Gindalbie metals(GBG) The company is the most advanced of WA,s junior iron ore developer,s with conditional financing and infrastructure secured.Initial joint venture production from the proposed Karara mine will be 2mtpa to 3mtpa of hematite and 8mtpa of magnetite with significant expansion scope to export up to 30mtpa through the Oakajee port and rail project. The shares are at a 30 per cent discount to base case valuation of $1.21 a share.Price 80 cents.target $1.20. UBS,BUY.
GBG Price at posting:
77.9¢ Sentiment: Buy Disclosure: Held