Karara is a joint venture. Karara makes profit or loss on every shipment Ansteel and GBG joint-venturers and obviously responsible in proportion for any net debts KML and the recipients of any profits. Once and for all can we stop discussing KML as though it were GBG.
The lack of concrete KML financial information flowing through to GBG and us is a concern.
Is KML breakeven or better during the interim period prior to nameplate which could be 12 months away?
Can Ansteel supply finance for the tailings fix to get us to nameplate at favourable terms to GBG (as they did last time)?
At name plate with our premium price what is the lowest average iron ore price that will meet KML debts and produce a profit?
These are the issues
U
GBG Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
