Is Karara now profitable ??, page-30

Personally I question the caliber of management at GBG . I could be wrong ...but I think they are in "caretaker mode" sitting on a big pile of cash and no urgency to do anything quickly .

Maybe under the circumstances thats a good thing ...as IF the magnetite demand stays strong ( and it seems that it might ) then the game must certainly change .

They need to keep the Ansteel people on side , as with a lessor partner GBG probably would have died by now . The management could have pissed away the big kitty ....but haven't .

FMG are exploring magnetite options , as I expect others are . So some where along the line people will be putting Karrara & GBG under the spotlight .

Also dont forget that GBG has another big magnetite tenement "The Load stone project"

So once again ... IF my rough numbers are any where near correct ..I see an interesting ride ahead .....

It might take a bit of patience

cheers

VA