In response to posters who are emotional:
Transportation
GBG distance to existing rail: 80km
2009 Road & rail transport Ship via Geraldton
2010/11 Slurry Pipeline or Rail Ship via Geraldton Slurry Pipeline
2012 Rail transport Ship via Oakajee (Which will be built)
(Yilgarn or MMX/Mitsu - taking bets?)
Equity Partner
Ansteel One of China’s biggest steel producers – 16 Mtpa – growing to 50 Mtpa by 2011: Need to source an additional total of 34mt per annum. Also why not source the existing 16mt from a mine that you have equity in?
Costs v Revenue
DYOR given:
- current Iron Ore price negotiations
- market premiums attached to pellets etc
- forecast Iron Ore prices 2009 - 2015
- economies of scale reducing cost per tonne and capex per tonne
Diversification
GBG has:
1. Magnetite, and
2. Hematite
Posts such as those from Doctorwho2, show that people who have lost money and post on emotion can get things wrong.
TheGimp
P.S - put it in the bottom drawer and forget about it - PNA style.
information
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