I am trying to compare FMG and GBG any input would be appreciated.
Market Cap FMG $1,457M GBG $270 Resource (all measured, indicated etc) FMG 2.66MT GBG 766MT Both expect to firm up higher reserves
Funding FMG trying a few avenues GBG firm agreement with 2nd largest Chinese steel mill
Agreements / Contracts FMG some understandings that did not impress ASIC GBG firm legally binding agreements for funding and offtake from 2nd largest Chinese steel mill.
So GBG appears to have removed much of the risk has better binding contracts in all areas that matter, 1/3 resource but 1/7 market cap.
Interesting.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held