Sino becoming a substanial holder of MMX is the reason GBG...

Sino becoming a substanial holder of MMX is the reason GBG remained green today. Positive for all midwest hopefuls.

I also agree 80-90cents should be the next target when the next boxes are ticked - FIRB and EPA.

Major I partially agree re the sp - previous highs of $1.98 would give a MC of around $1.4 billion given the new dilution. Definantly wont see that in 2009. I believe we can see this on Karara production starting Q4 2010. However thats assuming the world begins to heal and production expansion plans become probable.

Given GBG's current shareprice this is a great return. Just need FIRB and EPA approvals, then the only real risk would be the IO price.