From Thewest News Paper.22/08/09
Stock Tips.
Gindalbie metals(GBG)
The company is the most advanced of WA,s junior iron ore
developer,s with conditional financing and infrastructure
secured.Initial joint venture production from the proposed
Karara mine will be 2mtpa to 3mtpa of hematite and 8mtpa
of magnetite with significant expansion scope to export up
to 30mtpa through the Oakajee port and rail project. The
shares are at a 30 per cent discount to base case valuation
of $1.21 a share.Price 80 cents.target $1.20.
UBS,BUY.
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