MGX 1.54% 32.0¢ mount gibson iron limited

SP, page-110

  1. 15,663 Posts.
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    I see the share price is still in a holding patter regardless of the fact that 65% fe IO prices have stayed around the $100 USD mark for the month of September and were even higher in July and August ?

    MGX is still making good margins when it was anticipated that costs were around $76 A$/wmt FOB cash operating cost for the first year of bringing KI back online... The September quarterly should show some nice profits - maybe that will give the share price a boost ?

    Date Seaborne index 58% Fe fines Seaborne index 65% Fe fines
    1 20/09/2019 $69.75 $98.55
    2 19/09/2019 $70.55 $99.35
    3 18/09/2019 $74.55 $103.25
    4 17/09/2019 $75.25 $104.25
    5 16/09/2019 $76.55 $105.75
    6 12/09/2019 $76.35 $105.25
    7 11/09/2019 $72.55 $101.35
    8 10/09/2019 $70.35 $99.35
    9 9/09/2019 $69.55 $98.55
    10 6/09/2019 $68.55 $96.05
    11 5/09/2019 $69.95 $97.45
    12 4/09/2019 $70.55 $98.95
    13 3/09/2019 $68.85 $97.75
    14 2/09/2019 $70.05 $98.15
 
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