Interesting note is that on the June QTR results GBG states that the unit cost for that period is
AUD $ 68.5 per dmt
And that the realised price was AUD $ 95.3 per dmt
This is not over exciting but does show that they are not to far away from the mark -costs driving down slowly and iron ore since has moved upward - lot of debt but a significant move upward in iron ore 65% grade would have a dramatic affect . 65 % grade in huge demand at moment and showing no signs of changing - gap between 62% and 65 % will continue to widen
GBG Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
