Anyone seen the new CCZ report on GBG website? Its an update from there May 2008 broker presentation. Very bullish on GBG and its potential. CCZ also state that a 2.4 billion tonne resource at Karara is a GIVEN.
The report has an indepth calculation on NPAT etc. However has modelled 24mtpa as the maximum production. I see this as prudent, but they mention they could do more and admit to not including any production upsides in any other mines such as Lodestone and Blue Hills + DSO.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
