They wont publish too much, but the Iron Ore is contracted to Forescue.WA. Also some deposits from Eastern Iron (EFE) 200k south of Gladstone.(EFE )Direct connected by rail. Other inputs ,Coal, Limestone ,cheap power , sea transport all avalable locally in Gladstone. They will manufacture Billets only -No sized Product. The Costings are totally different from OS or BSL as they are predicated on bulk selling into the Over/seas market thus MCC,s interest.
They say they are in the top quartile of low cost producers world wide -who knows? The Chinese are playing their cards close to their chest. My guess is that they will not agree to anything untill the Options expire March 2012. Larger shareholders in Germany also happy to see the SP run down ahead of any announcement by MCC.
BGD Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
