GBG is a good iron ore producer pick, and you will be rewarded...

GBG is a good iron ore producer pick, and you will be rewarded in the medium to long term, but I believe this stock as with the general market hasn't bottomed out yet. There is no direct material effect of the Euro crisis with GBG, as the market for iron ore is with China. The big problem is, we still haven't heard word of what China will do to curb inflation and with the likely response being more tightening, I expect the mining stock will get a hard hammering soon (now thinking of GBG <1.10 and titans like BHP = ~38.00 and RIO = ~67.00). I expect a rally happening sometime end of May/early June after the market bottoms out in the next few weeks. Its a bear's market for now.