GBG 0.00% 2.9¢ gindalbie metals ltd

** another interesting day **, page-6

  1. 21,239 Posts.
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    re: good recovery what part of an 8.5% fall, is a good recovery?

    GBG need some 'hard core' news - not regurgitation of history. I see they are focussing on Ankatell? why not pursue the Fe stuff if it's that good?

    and on the Fe stuff, by my calculations only 40% of what they dig up is any sort of paydirt, and only 60% of that paydirt is Fe concentrate? So there's only 25% of what they actually dig up that's paydirt.

    My question is - is 25% paydirt good enough to dig out of the ground? I really don't know.

 
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