Gindaldan, check out latest Appendix 3B so you can see unquoted options are in the money and share on issue will be around 530m without any equity raising. A 70% increase in IO price is a given already as Vale has secured this for their higher grade fines US$146/t. FY09 going to see at least anthoer 20-30% conservative given China is being forced to buy lower grade Indian ore at up to US$216/t. $A could do some damage though. I've assumed some equity and some debt.
All said and done looks very positive on fundamental for those will to say around to production. Debt free very soon after hitting production so should be able to scoop up dividends FY12.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
