I just received that from a friend via email, doesnt look good for GBG number 1 of the rank but i will definately buy some on the cheap if this occurs... Karara Magnetite Project
• Resource – 1.43 billion tonnes @ 36.3% Fe (Indicated & Inferred) • Ore Reserves – 497 million tonnes at 36.3% Fe (Probable) • Ore Mined: 497Mt or 20Mtpa in the first 25 years of production • Waste: ore stripping ratio – 0.42: 1 • Initial production of 8Mtpa of magnetite concentrate • Average magnetite concentrate grade of 68.2% Fe with low impurities • Pellet production of 4Mtpa at a new Joint Venture pellet plant in China • Average pellet grade of 66% Fe • 60 year mine life at initial 8Mtpa production rate
GBG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held