re: Ann: Project and Construction Management ...
This stock is never going to shoot up 100% in one week or anything like that....but the most important thing to know and be excited about this one is... ========================================================== The Project will initially produce 10Mtpa of iron products commencing in 2011, comprising 8Mtpa of high-grade magnetite concentrate, a value-added product, and 2Mtpa of Direct Shipping Ore (DSO). Karara has the potential to produce more than 30Mtpa over a mine life estimated at more than 30 years. Karara will initially generate around A$1 billion in annual export revenues, building to A$3 billion annually as the project grows, equating to $40 million in Government revenues rising to $120 million annually.
So, this is a no brainer that as time goes by and we reach nearer to 2011 more and more people will be ready to buy in at 50-70-100% more than this price....that is the nature of the beast of the big investors...so it makes sense to just buy and forget these kind of companies....unluckily I have more dogs than these gold nuggets like GBG....but this one is going to be in my portfolio for a long long time and if I have more money, I will definitely buy periodically....
GBG Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held
