GBG
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0.00% 2.6¢ gindalbie metals ltd

RE - HIGH GRADE ORE, page-7

  1. The Mole
    723 Posts.
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    11/11/16
    10:42
    Post #: 20541479
    The price for iron ore hit $74.20 today for 62% grade Fe.

    At 65.3% grade Fe GBG's price should be $78.15. This is getting close to breakeven (excluding depreciation and amortisation - non cash items).

    But we will probably get the pathetic news that we are only getting 85c for premium grade in the December quarterly release.
    GBG Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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