Margins are not that skinny.
At today's prices (IO 62%) fetches about USD$130/t
GBG's operating costs (according to their presentation in November) are in the order of USD$80/t.
The gross margin is very healthy when you consider that magnetite concentrate (again at today's prices) would fetch about USD$150/t given the higher iron content.
- Forums
- ASX - By Stock
- GBG
- fundamentals don't lie and always win
fundamentals don't lie and always win, page-19
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online