Agree. It is a good time in mining to be cashed up and able to both fund and bring management expertise into projects.
There are a number out there which are solid but struggling to find capital. If MGX is careful and diligent, they could create some serious value via any deals they may cut in the next year. As per some of the forward forecasting work done in these MGX threads, MGX will accumulate a cash pile of >$1bn (excluding reductions for payment of dividends) in the next couple of years, which is some serious capital that could get an attractive project or two operational.
MGX Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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