I just received that from a friend via email, doesnt look good...

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