Your right about the potential for large DSO. WMC resources mined around 500mt of 61% grade Fe in the mid west region around the Mt Karara area in the 1970s. However I wouldn't get to excited about the "potential" DSO. GBG will be the magnetite KING.
$2+ by October is my guess. We will receive the last $150 million ish instalment from Ansteel and will have around $540 million in cash for the JV, EPA approvals (we hope), 2.5 billion resource at Karara (as planned), and finance obtained for the debt component (Chinese bank).
DYOR, i'll stop my rant :)
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
