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What if the iron ore price goes up?, page-12

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moondoong

30,964 Posts.

28/06/15

22:18

Post #: 15545144
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Originally posted by kevscranes ↑

Hi all it's been awhile since I posted here.

I remember when George Jones said GBG was bullet proof. I guess it seems at least that part so far has rung true thanks to Chinese money.
I was badly burned by GBG as were many others including a lot of mum and dads and people working on the construction of the project.
However I still believe GBG is a sleeping giant. That might be a bit overstated, but I do believe that when they finally get someone who can get that plant up to speed mechanically and profitably enough to do a stage two. If all the stuff ups and issues have been learned from and noted from the first train no reason it shouldn't be successful, as long as the demand for high grade magnetite is there.
I do believe it will happen eventually and when that day comes and GBG rockets I hope you all make heaps.
From what I can see of GBG at the moment it's the traders making money.
If this is around the bottom I guess the only way it can go is up.
Meanwhile I'll keep watching.
GLTA. kev.

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kevscranes,
didn't stage 2 always depend on Oakajee port, because the Geraldton port doesn't have any spare capacity?

Cant see it ever happening imo

GBG Price at posting: 2.1¢ Sentiment: Sell Disclosure: Not Held
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