GBG
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0.00% 2.9¢ gindalbie metals ltd

Ann: Trading Halt, page-39

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    3,902 Posts.
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    21/05/15
    20:19
    Post #: 15327481
    Is it higher or lower?

    Truth is, very little is known about cost per tonne, or sale price per tonne.

    Given that magnetite a higher quality product than hematite, one would expect the sale price is higher than the spot iron ore price.

    However, given that Karara basically sells ore to itself, who knows what the scenario is.
    GBG Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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