re: Ann: Initial JORC Iron Ore Resource for A... Wipper,With the...

re: Ann: Initial JORC Iron Ore Resource for A... Wipper,

With the price of IO coming or anticipated to come down when the forward price contract is negotiated, I don't think the market is interested much in anything other than DSO Heamatite. Beneficiating will just add cost to the extraction process and GBG for one is having trouble to convince the market.

At least they have lots of cash to keep aquiring real estate. They had been doing so during the dot com boom and this is no different in their opportunistic phase. The problem is 9 years on they are still explorer status while AGO bolted off the blocks 4 years ago and are now a miner.

My patience is running thin.

AJ