Gindalbie Metals (GBG) is junior iron-ore miner, based in WA. On 16 March, GBG announced a $125 million cost blowout at its Karara iron-ore project. GBG now expects construction costs to total around $2.63 billion due to soaring labour, fuel and materials costs. The company brought forward the ramp-up of the project to avoid what it expects to be a more damaging inflationary environment. The expected cost savings saw GBG rocket 9.5% on the day, making it one of the best performing stocks in the share market. For more free Best Performing Stocks advice and Gindalbie Metals news click here.March 17, 2011
Best Performing Stocks Gindalbie Metals (GBG)
Gindalbie Metals (GBG) is junior iron-ore miner, based in WA. On 16 March, GBG announced a $125 million cost blowout at its Karara iron-ore project. GBG now expects construction costs to total around $2.63 billion due to soaring labour, fuel and materials costs. The company brought forward the ramp-up of the project to avoid what it expects to be a more damaging inflationary environment. The expected cost savings saw GBG rocket 9.5% on the day, making it one of the best performing stocks in the share market. For more free Best Performing Stocks advice and Gindalbie Metals news click here.
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