MGX 0.00% 43.0¢ mount gibson iron limited

io @ 120/t & aud @ 92.x, page-28

  1. 20,390 Posts.
    lightbulb Created with Sketch. 1990
    Tokyo
    Legume is a little optimistic I think in his assumptions
    Cash likely to be 30-33 cents at the end of June
    Margins are more like 30 -35 at present given high waste removal /stripping
    Having said that it does seen cheap but then again so do a lot of things at present. MGX has a different safety buffer due to cash
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.