"Multiply AGO's SP (4.7 cents) by 9 = 42.3 cents, MGX are...

"Multiply AGO's SP (4.7 cents) by 9 = 42.3 cents, MGX are currently 52 cents."

what? why?

MGX may not have much capacity compared to AGO, but they are in an enviable position cash wise, they could sit on there ar$e and do nothing whatsoever and still get over $20m/pa from interest and watch their fortune grow, this is the exact enviable position I hope to see AGO in soon, once CD capex and debt out the way they can start stock piling big $'s as a fail safe if IO prices were to drop down the track, let's face it MGX could now sell the majority of their assets related to IO and go mining whatever looks like it has a more profitable future, AGO could be in a similar position soon and could hedge in the form of mining not only IO but another commodity knowing that putting all your eggs in one basket can turn ugly when price market price drop, new management seem to have the brains to steer this ship where it needs to go.