Karara 68 % plus grade, page-49

That is correct loans would have to be paid back before any money rolls Gindalbies way , but come mar/april 2018 if the next due loans are re-financed without any guarantees from us then we are well and truly with our heads above water.
Iron ore will continue to fluctuate and you would expect steel prices to punch significantly higher over coming months with china putting reductions in place over their winter months. Will be interesting to see what effect that has on iron ore prices ??? but you would expect higher grade to be in strong demand regardless.
Big item for Gindalbie is to reduce it loan guarantee position , once that is achieved there is money in the bank and share price should start factoring upwards !!!! You would expect the market to start factoring that price in soon and I wouldnt be suprised to see it trading above 6 cents in coming months even without any positive news from new adventures or drilling results .
Cash is king ATM and Gindalbie has plenty of it and a substantial share in a multi billion dollar magnetite project .
Next time we have a strong run with iron ore ( and we will ) higher grade products you would think will hit highs never seen before !!!!!!!!!!!