MGX 0.00% 36.0¢ mount gibson iron limited

Short term Bottom hit?, page-28

  1. 1,252 Posts.
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    future cash flows depend on the future IO price and the cost of mining and a few other minor factors.

    I am not saying that you are upramper. It is nice that you informed people reading these posts that nothing is certain in these game and it is good to think conservatively from time to time and realize your profits or limit losses.
    Opinions like; MGX share price should be 1or 1.50 or 2 dollars are worth nothing and dangerous to hopeful believers.

    One must state assumptions, do basic calculations and then voice opinions.

    couple of months ago I stated that after making some calculations based on a few likely scenarios I could not justify $1.00 SP.

    Since I could not justify it, I did not publish my calculations.

 
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