Good fine Whippet GRR (Grange Resources) are currently trading...

Good fine Whippet

GRR (Grange Resources) are currently trading at cash levels - they have $140 million cash. Looks like their share price will continue to tumble as they're currently not breaking even at production. Could be an opportunity for NMDC if the pull their finger out next year.

GBG (Gindalbie Metals) are in a massive pile of debt. They have $40 million in cash. They are lucky to have backing by the Chinese for the project to continue. Their current production rate is well below projection. The fact that they are based in the mid-west may be an opportunity for port access for Mt Bevan, their current export rate is at 8 mtpa with the option to upgrade to 16 mtpa! Once again, this is something that NMDC can look at next year.

But first things first, lets find a more-than-capable MD who can steer us in the right direction.

Currently looking at flights to Perth come 19th December.