GBG 0.00% 2.6¢ gindalbie metals ltd

Ann: Annual Report to shareholders, page-22

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  1. 1,066 Posts.
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    Gmac - they incurred extra cost during construction because it was cheaper to build some elements of higher production into the plant during the initial construction. I thought at the time that it was a sound idea (and still do) - but didn't expect the complete stuff up of stage one.

    I don't think stage two has been started yet - if they do GBG will need to come up with more cash :-(

    At the time this was all painted by our know SFA media as a cost blow out on stage one - when in fact it was building higher production capacity into the plant to minimise shut down time of the plant and get stage two up and running quicker.
 
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