MGX
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2.44% 42.0¢ mount gibson iron limited

they have been paying significant penalties for the lower grade...

  1. zereal
    961 Posts.
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    30/03/22
    12:16
    Post #: 60517105
    they have been paying significant penalties for the lower grade ore they have been shipping due to the high silica content.

    this is why when we move to higher grade we should be seeing achieved pricing much closer to the reference price as the penalties drop right off.

    again though they need to start shipping some material for this to be relevant….
    MGX Price at posting: 62.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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