I recommend that all holders revisit the August 08 broker report...

I recommend that all holders revisit the August 08 broker report by CCZ - available on the GBG website. The report is well researched, and provides a number of scenarios going forward, and even under the worst stress case, GBG still looks the goods.

One paragraph caught my attention:

"GBG's partner Ansteel is one of the largest steel producers in China and is one of the few selected to become one of the country's steel pillars. Currently expanding production to 25mtpa (via acquisition) Ansteel recently stated it intends to organically grow steel production to 50mtpa by 2012 and that Karara will be an important part of that growth. Beyond the offtake agreements we cannot emphasise enough the importance of GBG actually being a part of Ansteel's production process. With a 50% interest in the pellet plant (including the land) located adjacent to and feeding directly into Ansteel's Bayuquan Steel Mill, GBG has the unique benefit of being part of its partners production process"