Doom and gloom some people call it. I call it. It is what it is....

Doom and gloom some people call it. I call it. It is what it is. Lincoln I'm home. Got home yesterday. $75 was the published cost about 2 yrs ago. Can't be very current. Gbg exec told us about 12 months ago it was the still there price but in reality they had no idea and wouldn't until they hit full production then they would be able to work it out.

About 12 months ago. I attended a seminar and a Platts rep posted a slide of some companies costs from their research. Gbg was $1.05. Posted that at the time and got howled down. It included royalties and shipping.

I don't care what people think that is the figures I saw. So at current prices the more ore produced the more we lose. Trouble is a lot of contracts are take or pay. They are the killer. Sorry I can't see better news. But if anyone has more up to date figures I would like to see them.

cheers
Gmac