Isn't GBG profitable now?, page-12

while I agree with all the overheads kmcconkey I think that a lot of people do not appreciate that magnetite although dearer to produce it does demand a higher price than hematite and is in strong demand for high grade steel mills and in light of china trying to cut pollution it will be very much in demand in the future production of steel, nobody seems to be able to give a firm price for high grade magnetite but I believe it is is $15 to $20 per ton above hematite