Hi HWS
GRR may have Southdown, but they are incapable of developing it without a JV partner, such as GBG has with Ansteel. Luckily for them they have Savage River in Tassie, and a mag plant generating plenty of cashflow. There are plenty of IO hopefuls with plenty of stranded resources in the middle of nowhere. Check Legacy and Padbury for example. MGX are desperate for more midwest IO, as what they have is nearly gone. We have it at KML, 30+ years worth! Am sick and tired of being patient, but I do still see so much potential here. A cashflow positive quarter would be great news!!!
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gbg with 35% of 9m tpa =3mtpa = $150mpa, page-9
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