any and every mining activity is purely cyclical in nature... they always hit blue skies and then tank disastrously and then rejuvenate themselves and go on that ride once again.. on an average that cycle lasts around 7-8 years... this has to be the absolute bottom of that cycle or even better - that bottom was @ $50 pt and we are now slowly on the road to recovery... who knows.. only time can time...
if somehow, the management keeps the wheel turning and weather this for 3-4 quarters, we could see IO price at US$80-90 per ton and we could be in the money once again... just need to keep the heads above water until then...
GBG Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
