The reason that KML has been valued at zero in the GBG's accounts is because up till this last quarter KML was losing money at the rate of probably $US200m pa, maybe more.
If Donald Trump starts to invest heavily in infrastructure in USA, then steel will probably go due to demand and as a result magnetite will increase in price.
If KML gets $US120 a tonne, GBG will probably revalue its investment in KML.
A lots of "ifs". But anything is possible.
The reason that KML has been valued at zero in the GBG's...
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