GBG 0.00% 2.9¢ gindalbie metals ltd

ann out!, page-14

  1. 403 Posts.
    Weir is just covering the bases thats all. he said

    "it is unlikely the Project will be operating cashflow positive before the December Quarter, depending on the iron ore price and foreign exchange movements. "

    So it just may be cash flow positive earlier but he is saying december so if it is earlier then thats a bonus.

    If the IO price stays above $120 they should be cash flow positive by end sept. Anyone have some figures for what type of shipping this will take?
 
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