Quarterly Activities Report due end of Month, page-4

Cosair, what did you mean by "limited production"? In the previous quarter (Apr-Jun), Karara shipped Mag Concentrate of 1,689WMT and Hematite of 751WMT.
If you multiply those 2 factors out by four - i.e. to get an average for the year, you get Mag 6,756 and Hem 3004. In my books that's pretty close to the expected full production of the plant as it was originally designed for. We were told that going forward Karara is expected to produce around 10WMT of IO with a split of Mag 8wmt/Hem2wmt.
As at the last quarter we are basically at that rate now...albeit with Mag production lagging a little behind.
The coming report for this quarter will tell the full story. If production/shipping has continued to move forward and cash costs have continued to be restrained, I'm tipping a serious re-rating for GBG.