MGX 1.18% 43.0¢ mount gibson iron limited

off mkt on, page-17

  1. 5,867 Posts.
    re: who cares!!!..i do Jhui, markets dont catch up to welll known stories-this is a well known story that has beeen presented in depth around the traps for the past two years- I have sat through two presentations already. That is one more that Brian Johnson deserves.
    Know your difference in iron ore types, grade/quality/mine life, contract term , cost of delivery to port including insurances, cost of operations, cost of development activities and so on.
    The company has failed all their forecastes to date on what is a comparatively simple bulk commodity.
    Please don't try to explain valuation methodology to me-I have been around longer than most, and probably unlike you , I am licenced to do so when the mood/cheque book so decides.
    Cheers,TAS
 
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