Comparison with MGX (mount gibson), page-3

Without the Chinese capital this whole project would have been dead years ago .

I doubt the interest rate is any more than standard commercial rates .

The very significant thing is that it seems likely that the 4 billion Karara project is now operating and possibly generating free cash flow . .....albeit such cash flow is paying off the very high debt levels .

Moles price target of Magnetite looks pretty reasonable ...and we may well see that .

Lots of ways this could go .

Currntly. I think there are a number of players looking into magnetite . Which may mean they are also looking at Karara and GBG .

I doubt the Chinese would ever sell out .....however they may b inclined to want to take up more of GBG.

If the plant is viable ..... then the effective value to GBG becomes very significant . .....20 c ....to 40 c a share to GBG l believe .

Its now really a waiting game ..... but dont b surprised to see GBG in play some time in the future.

Cheers

VA