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2.6¢ gindalbie metals ltd

Ann: Annual Report to shareholders, page-10

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stratnew

533 Posts.

4

12/11/18

09:49

Post #: 36467029
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Originally posted by maradyne ↑

Originally posted by maradyne
The Karara asset is recorded at a nil value in the accounts of Gindalbie and therefore these guarantees do not impact on the financial position of Gindalbie. The Karara asset is recorded at a nil value in the accounts of Gindalbie and therefore these guarantees do not impact on the financial position of Gindalbie.
SalesThe realised price for Karara magnetite concentrate is represented by the published benchmark assessment of thespot price of a standard specification of iron ore fines with 65% iron (Platts IODEX 65% Fe) plus a premium formagnetite concentrate (September 2018 Quarter – average of approximately USD$1.27 per DMT) and adjusted for itshigher iron grade relative to the benchmark (September 2018 Quarter – average of approximately 65.7% Fe), lessstandard penalties for impurities.The average realised CFR2 price for the September 2018 Quarter was approximately AUD $130.33 per DMT3 onprovisional basis (June 2018 Quarter: approximately AUD $116.55 per DMT).

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So what is the bottom line, are we due for a uplift in the share price , I think iron orr is up to about $75 per ton

GBG Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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