nose i can remember when they used to say all the same things about gbg and now look at it. you are right that gbg has great stripping ratio and higher grade than fwl but fwl has higher grade than some other magnetite projects and better stripping ratio than grr. i accept the points you make that are right but you can't just ignore the positive points that don't suit you. gbg has 1.6 billion of infrastrcture to pay interest on. grr has 900 million. this costs money. and gbg can't expand and get the scale that will bring thier costs down unless oakajee is built so i'd say it will get built and sooner than everyone is saying. by the way gbg is banded iron, i've seen the photos in thier presentations and thier flow sheet shows fine grinding. don't make stuff up if you don't know. why spend so much time rubbishing a stock that you say you have no interst in?
LCG Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
