High Grade iron ore, page-35

G'day beardy,

I didn't say that Karara cannot stay at Nil value, but i did say that it won't stay like that forever, "if" the premium Mag benchmark price continues to trend in an upward direction. There will always be ups and downs, but over the long term China will only continue to demand their steel companies to use the clean 65%IO product in order to clean up their smogged cities. This can only mean good times ahead for Karara and the 48% share that GBG has in the venture. Of course this is all depends on the ongoing export of at least 8MT per annum.
Yes the elephant in the room is the gigantic debt hanging over GBG, but if the 65IO price got to around $120US and the AU$ continues inthe low .70's, I suspect that Karara would be swimming in cash and be able to easily pay off it's debts over the long term.

Also I'm not in this game for Dividends. And too far deep in GBG to be thinking about any more investments in any other IO exporter such as MGX.