What I find most attractive about GBG is our partnership with China's SECOND BIGGEST STEEL PRODUCER, Ansteel, who will be taking as much Karara ore as they can get. All IO mined in China is magnatite, as mentioned by Gindaldan, and the technology of benefication to enrich the ore is not new. Obviously Ansteel have had a big capital outlay to set this up, but as a 50% J/V partner, they, along with GBG will benefit greatly once this hits its straps. If we are shipping magnatite by years end, with no major glitches, I think we will be back over 50c, with plenty more upside as things ramp up. GLTA.
- Forums
- ASX - By Stock
- first shipment
What I find most attractive about GBG is our partnership with...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)