Guys the bloody NPV was $2.2 billion for Karara from the old BFS...

Guys the bloody NPV was $2.2 billion for Karara from the old BFS at 8mtpa with 493 tonne inferred resource. Which justified a $2 to $2.5 share price taking risks into account.

HOWEVER the following has occured since:

1. Pellet price is up 87% (doubling GBG's profits).
2. 50% increase of initial production.
3. 2.5 billion tonne resource expected.
4. Ansteel has commenced its equity instalments.
5. GJ spent over a $1 million buying up shares.

AND THIS IS JUST KARARA!

What about Lodestone, Warrider, Blue Hills, and whatever else lies down there in this beautiful iron ore superpit.

Our $1 billion + market cap should come soon. June/July 2008 we will some serious share price movements with the significant amount of milestone announcements to come (see previous post).

IMO (sorry i am ramping) BUY BUY BUY. (DYOR).

I am very excited as you can see :P