Flick, this question has also crossed my mind as he himself notes "not all iron ores are equal"
GBG can offer a superior end-product to a willing JV partner. This is irrespective of supply of Hematite DSO coming on line down the track. GBG does not have a product of 'last choice' and is perhaps quite the contrary.
The Karara Magnetite Project's base case IRR is conservative and gives account of considerable downside risk.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
