MGX 1.64% 30.0¢ mount gibson iron limited

Ann: Quarterly Activities Report , page-27

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    Champ, dont forget part of the APAC/Shougang deal was that until June 30 Shougang would pay for ore on a cost+10% arrangement, and MGX was expecting to lose on its forex commitments, so MGX was not expected to make any significant profit if at all. All things considered with what the company's gone through its a good result, and the company is set up to do well in the future.
 
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