Geraldton port will be used for the initial 11 mtpa - 8 from Karara and 3 from Mungada
We need the Oakajee to have further production increases as Geraldton is maxed out - GBG got the last port space.
Does look good doesn't it! I hope we see 40 to 50mtpa. However I didn't know that Ansteel need up to 34mtpa, thats great. Does seem logical they get it from us.
I remember reading that Lodestone may also have a JV partner down the track, wonder if Ansteel take that up as well? However Karara would be large enough to supply any of their needs.
I'm still very interested in this ROY JV. Second phase drilling is about to begin and to date we have seen some good samples. Hopefully we have a 50 mt + or so DSO deposit, that would be great (dreams).
I'll happily admit im in large losses, but I try and remain positive.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
