qtrly out, page-13

Thanks for the excellent comparison Newjo. If I add the following comparisons (obtained from Commsec):

MGX MMX
(Last) or current SP $0.405 $0.76
EPS PE EPS PE
forecast EPS & PE (2009) $0.28 1.4 $0.073 10.4
forecast EPS & PE (2010) $0.67 0.6 $0.052 14.6

In addition, when commodities peaked over the last 12 months MMX was trading in the $4.50-$5.50 range while MGX got to the $3.00-$3.50 range. Based on the above and your information MGX is/has been trading at a significant discount to MMX, or MMX is simply overvalued.

MGX's recent/current dive in SP is certainly based on what's happened recently with the debacle over forex hedging and the uncertainty over shipments, etc, but you would think once it gets through this problem and the IO market starts to recover there is significantly more upside with MGX.