this could end badly, page-13

My $500 mill debt came from the stated GBG $362 mill long term term from its 2012 financial report plus it and Ansteel's loans to the KML mine in March and April which seem to add to $160 mill so far.

I haven't found a measured or predicted long term cost of production but perhaps someone can help me here.

As for the long term iron ore price I can only assume that the much greater supply coming online in the next couple of years (RIO in its Pilbarra operation alone for example is aiming to ramp up from 230 to 360 mtpa) will push the price of ion ore further down.

Btw I'm not here to warn anyone either. The aim of my posts are not to be a Good Samaritan. I just want to know the facts. I'm happy to hear alternative opinions based on facts and encourage anyone to offer up how GBG will become profitable and pay off its rather large debt.