GBG is Hamstrung because the first shovel to start Oakajee port hasn't even touched the ground yet. "China's State-owned Sinosteel said delays in commissioning the Oakajee project had cost miners in the Mid-West an extra $160 million a year impost. Oakajee's current timetable still has a start on construction in 2011 and first ore shipments scheduled for late 2013 or early 2014, well after ore should be coming from Gindalbie's Karara mine." There are limits to the volume through Geralton Port
Razorback is only 40 kms from existing rail. Capacity is available on this line now Port Pirie is already built and has under utilised wharf capacity
MFE Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
