Listen here mr frack vale are collapsing the iron ore price fortesque are adding to the down-ward spiral . gbg/s contract with ansteel yes they will take all ore produced at the prevailing price + a premium for the high grade /quality . what we are trying to tell you is the iron ore mining boom aint looking as rosie as We all expected OR WERE LEAD TO BELIEVE by all last years hype/ media .
Karara was built on numbers that just arent going to stack up as the ore prices are going to be signifficantly lower than we would have expected .
yep gbg will get through next year but hollywood aint coming any time soon .
GBG Price at posting:
51.5¢ Sentiment: Sell Disclosure: Held
