Ann: Quarterly Activities Report, page-12

which is why when I purchased GBG it was for its cash backing and potential new asset that they are hinting at acquiring with the Iron Ore interest a bonus

surely they could sell this for $30m cash + more staged bonus payments based on Iron Ore to Ansteel now? every $30m increases the cash backing by 2.5c a share

I know long termers wouldnt be happy with that outcome but if the company is serious about heading in a new direction this would be a good way forward imo so long as they get a good price with an optionality on the future iron ore price via staged bonus payments