Comparison with MGX (mount gibson), page-9

How could they take their interest to 90% - again - would have to pass the FIRB.

If the Chinese government are saying the project is a dud, but are making money from it and getting their ore cheap - how can they then make a case for taking their interest to 90% and convince the Australian Government that they are being upfront.

With the Chinese trying to cut emissions - demand. and therefor price of high grade magnetite, will only increase.

It looks increasingly as though the Chinese are being allowed to rape us at the moment - it looks as though they are getting the ore cheap to offset some of the cost of the debt. If that is the case and Karara is indeed becoming profitable - then some of those profits should be flowing to GBG shareholders already - the Chinese should not be allowed to have their cake and eat it at the same time - this is how it appears to me at the moment.