GBG 0.00% 2.9¢ gindalbie metals ltd

We will get there. I don't need the cash I invested It just...

  1. 369 Posts.
    We will get there. I don't need the cash I invested It just sucks to be down over 20k at my age. I'm still positive on the fact that we will see a new high with EPA approval.

    MGX is at 3.20ish with a 3mtpa planned production for 2008, I beleive GBG will be $5 come next year. MGX at $3.20ish is around 2.6 billion market cap, yet they have huge production costs, and not much production upside - i think its 9mtpa (maximum) by 2010.

    GBG on the other hand with a 2.6 billion MC would be a $5 share price. Mungada will bring 2mtpa, but 3mtpa + 8mtpa initial production from Karara in 2010. However production upside is infinite, we will have the infrastructure (rail) etc. Also our resource is currently second to FMG, none of the others have as much as we do, except we have magnetite.

    What do you guys think about my rough comparison? I'm open to many suggestions. IMO it looks like we are very undervalued and have a lot of upside.
 
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