Is Karara now profitable ??, page-43

Yes l see what you mean . However is all of that expenditure 100% debt funded . ?

Didnt GBG take a write off of some 700mill back in 2015 ?

Which would imply that they have spent that amount .....and l guess Ansteel have also put at least that amount into the deal . ?

So maybe everything hasnt been funded by debt . Maybe the current outstsnding debts arent that high ...... and are only around 2 billion ?

Later Karara also took a big write down on the asset.


It would be really good if they (GBG ) could publish at least a current situation outlining what debt in total and to who is still owed.

That would really take the guess work out of things . .....

although with the unknowns taken into account results in a current share price of 2-3 cents . ....

There in lies the opportunity ...... if the plant is cash flow positive .


Ansteel also provided funds by way of forward purchsing arrangements.

Very hard speculate.

8 million tons of magnetite production per annum is a gross cash flow of about 8 billion at current pricing levels .

Based on an approx gross margin before overheads and interest of some 20% ....equates to some 1.6 billion of funds to be applied to overheads and debt reduction per year .

Too simplistic ???? Perhaps .....so long as no cock ups ....and maintenance of IO pricing .

We live in hope .....

And with good reason

Meanwhile tbe Mt Gunson project is shaping up to have a potential resource that l think could be worth 5..10 cents a share to GBG .



Lol