Iron ore price is important because as long as the chinese...

Iron ore price is important because as long as the chinese perceive that Karara is commercially sound then they will trade for years to come - they dont need Karara to make money as long as they have consistency with product / supply they are still making money on a different level. However if Karara was losing enormous amounts things could change , they could fold the operation and place pressure on GBG to fund their percentage of loses that they guaranteed . The question mark however is the type of guarantees that are in place appear vague , so it would be interesting to see how they would hold up in a court scenario. I do believe however that iron ore will continue to fluctuate in price as it always has - nobody would have predicted AUD at low 70 prices and for high grades to move as strongly as they have - anything is possible - I do hope at some stage that Karara will be back on our books with some value !!!!!!!!

And yes GBG moving into an area that is predicted to be strong in coming years - all strong chances all round

Im a dreamer but financial markets are capable of anything - so many possibilities