re: Ann: China Development Bank Approval of K... Happy New Year to you Denial,
GBG Mag has its advantages but I still think the IO pricing is fairly crucial to GBG getting up and running quickly and economically for a number of reasons.
I'm not sure what you meant by "low transport cost at port"?
Did you mean "to port", ie. rail distance? The double handling required for loading GBG's ore at the POGeraldton will somewhat offset the advantage of Karara's proximity to the coast.
GBG should repay everyone's patience well but there is still a way to go and the global problems have not done the project or shareprice any favours, as yet anyway.
The global crisis may well present opportunities for the GBG/Ansteel JV in the future though.
re: Ann: China Development Bank Approval of K... Happy New Year...
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