Surly I realise that Ansteel has a takeoff agreement. But GBG production cost will be $67/tonne.
Agreement or not there isnt much profit if the price drops below $100/tonne.
The longer it takes to get into production the more the risk of the ore price falling(in the current climate).
That is my main concern. It would be nice if they had been in production now and the company had been able to already have some money in the bank if hard times happen.
My point is the more delays the riskier it is becoming.I still hold but watch daily. Cheers Gmac
GBG Price at posting:
51.5¢ Sentiment: None Disclosure: Held
