Thanks for your reply. MGU is a little further but like CAP pre production so assuming both get to production I don't think that makes much difference,notrying to compare share prices or anything.
And although I agree with you the world is going green with Joe possibly speeding that along, and therefore probably a growing gap between lower versus higher grade ore's, I am not with you when you say prices will stay anywhere near where they are today. Iron Ore is not a rear element and supply will increase (this will take some time).
I own a decent chunk of GRR and their pellets premiums are quite a bit higher than the 68% over 65%. Also their cost over the last couple of years have been $100 AUD per tonne which includes the palletizing costs, so quite a bit lower then $130 USD. Not really a favorable comparison. And you only have to go back a few years to see that even GRR wasn't exactly printing money when prices where lower.
MGU Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
