i have read so much & understand, page-71

Iron ore also hit 7 month lows last night, around 112 per tonne.

Agreed it'll end up like mmx, but I doubt we will end up with 325m or so for our 45 percent interest.

Still think a placement of 500m + shares will happen first to raise 40-50m first. Most probably Ansteel takes them up subject to firb..

All speculation anyway. Just model in 112 a tonne at 96 cents exchange rate. It's not pretty, especially when you add in 45% kml interest and put 2 billion shares on GBGs register.

Ah well. I have a mere 50,000 left in the superfund which I bought at many multiples of the current price.

Gbg can't be blamed for the iron ore price though.