MGX 1.64% 30.0¢ mount gibson iron limited

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  1. 525 Posts.
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    Samluk, you have answered your own question. "if the ore is not selling to the Chinese, then who the buyer will be ? and where their profit is from ?"

    This is the major weakness in MGX. They have a huge economic dependency on the Chinese market. Therefore it is imperative that MGX has an independent board with a view to expand it's customer base not only in China but to sell some of it's ore to India, Korea & Japan.

    If MGX can operate without a Chinese gun held at it's head or perhaps a smaller gun, the SP will no doubt be much better.

    Then there is the issue of proven resources. MGX only has a current mine life of 10 years, they need to prove up more resources.

 
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30.0¢
Change
-0.005(1.64%)
Mkt cap ! $364.5M
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30.5¢ 30.5¢ 30.0¢ $142.0K 473.0K

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No. Vol. Price($)
8 144709 30.0¢
 

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Price($) Vol. No.
30.5¢ 27772 2
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