I hope you still hold some GRR shares as pellets will be over AUD$330/tonne tomorrow.
"then expect post September Qtr will be re-rated"
Yes, as you say MGX will have to wait till post September Quarter to possibly make some money.
The next 6 months don't look too flash.
"ore shipments will be lower during the next six months as we progress the peak overburden stripping phase at Koolan Island and develop Shine." from MGX Dec Quarterly report.
Its a case of making hay while the sun shines. I wonder which share will double over the next six months??
China Goes Green.....??? Impact on IO price & Grade spread......???, page-19
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