The extra KML rail & port capacity now leaves the door wide open for Gindalbie to start DSO shipping from its 100% owned Shine Project, hopefully around 2mil tpa for 3 years whilst Karara stage 2 grows legs. Have Patiently been waiting for the Shine feasibility results, promised around mid 2012
ASX Release 14 Dec. 2011 – Extracts
“Gindalbie Metals Limited (ASX: GBG – “Gindalbie”) is pleased to advise that it has commenced a Feasibility Study on development options for the Shine Iron Ore Deposit, part of its 100%-owned Warriedar Project in Western Australia’s Mid West region…”
“The Feasibility Study will examine all options to develop the Shine Deposit, with the objective of moving it into production as rapidly as possible.”
“The extensive infrastructure being developed as part of the Karara Project provides the option to potentially truck Shine ore to Karara for transport to Geraldton via the Rail and Port solutions currently being implemented.
The Feasibility Study is expected to be completed around mid-2012.”
GBG Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
