ubs says sell fmg buy gbg, page-3

FRANKHALO

u miss the UBS point about FMG and GBG.

UBS have seen fit to compare a minnow like GBG with FMG a newly born pilbara whale but which is swimming close to the coast and is not safe from beaching itself due to factors like struggling with a heavy debt, lousy iron ore quality and being speared by chinese whale hunters.

GBG is still a midwest minnow but will grow in value as the quality of its iron ore projects come into operation in 2011.

is UBS saying that GBG has the potential to knock off FMG from 3rd place oz iron ore producer as a comparison of overall project profitability to project investment and operations quality ?