Personally, I think this is positive for GBG as it makes evryone think twice about these mega projects in the future. I mean, why spend another few billion dollars when they can takeover GBG for $ 500/600 million and secure 50% of 8/16 MT production which is almost completed? That's what I would do! Regardless of the pricing of iron ore, the cost of producing it is only going to go up.
