still overvalued, page-5

I have to agree with Mattaward. Why did you buy at $1.50 Dr Who? Had a change of heart because market sentiment and hindsight.

One does have to question your motivation in posting such nonsense.

GBG have progressed the Kagara Project signifcantly and the fact that they have a Chinese JV partner is even more proof of the fact that GBG is no mere spec stock but a serious Junior IO player. Why else all the backing from the Federal Govt at the time of signing the JV? Let me remind you and others that GBG has MPF status with the Federal Govt:

http://industry.gov.au/content/itrinternet/cmscontent.cfm?objectID=D1599721-65BF-4956-BC3DA2E9BAC8DC16

Spec share LOL? No

BTW the costing is approx an extra $15 p/tonne for processing and will no doubt have been factored in by the Chinese and GBG.

GBG's sp reflects mkt sentiment and not a true mkt valuation atm IMHO.