gbg posters are kidding themselves, page-5

There is no doubt GBG has underperformed badly especially compared with mangnetite play GRR which is performing as well as some of the Pilbara haemetite plays.

GBG's fortune will turn around once the magnetite production begins and sales recipts start flowing in from Ansteel. The market has been disappointed in the cost blowouts of the past and is naturally sceptical.

I don't think GBG will be a takeover target in the short or medium term. The only logical suitor is Ansteel and I doubt the FIRB would approve.

GBG once in ramped up production will generate very good profits and will be a good dividend stock together with IMO very solid revaluations. At the moment, it is traded at a massive discount (not to mention the negative sentiments about China's short term economic growh prospect).

This is one for the bittom draw.

In Karara, GBG has the best single IO resource in the entire Mid-West. Jack Hills is rubbish and so is Weld Range.