Comparison with MGX (mount gibson), page-6

Yes GBG are very light on in detail .

I think the management are probably in caretaker mode. ...regarding Karara .

Time will sort this is my guess . If FE prices remain firm ....the investment will need to be re assessed eventually .

A re value on the books of $150 ....to $300 mil could be a possability ( wbich equates to 10 ...20 cents a share .) .

They have 34 odd million in the bank ....e everyone gets paid ....and life is good .

However ....having said that it seems that they are makeing steady (although not fast ) progress on the Mt Gunson Copper deposit project .

They released very detailed info on the resource drill untersects recently .

My feeling is this could end up being a very valuable project ....and may be the future for them .

Once again ....hard to value ....but possibly a billion dollars worth of copper over the mine life . U just need to build the mine .....lol.

Maybe they will get another Chineses company with a big cheque book to assist .

Anyway.... l think the potential upside is quite large .....if things fall into place

Lol

VA