1.36 and running now, page-64

GINDALDAN

re $30sp

i have done some sp projections based on the recent iron ore price rises and GBG proposed future output of about 40mtpa and a 10pe

my rough calcs figures of cause are not definitve but are a ball park reckoning based on present day situations in the iron ore industry. who knows what is in the future eh ?

iron ore is red hot now and well into the forseeable future.

FMG is the golden boy to which all other newby oreys aspire to.

GBG will not be far behind once the mining starts up.

regarding MGX $2.8b market cap all i can put it down to is that it is actually in production and making a dollar.

puting GBG 3BT magnetite resource aside for now and considering GBG virtually has 100MT+ of DSO in the bag GBG market value should achieve about $5sp in the near future as compared with MGX.

DONT TRUST ME CHECK IT OUT.