MGX 3.51% 29.5¢ mount gibson iron limited

Further update on the Shine point - I've written to the company...

  1. 71 Posts.
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    Further update on the Shine point - I've written to the company and had it confirmed that they do still own the project and are evaluating its potential for development. They did point out, quite rightly, the obvious caveat that today's IO price is not necessarily tomorrow's price, and that the project would have a 4 year mine life.

    An obvious alternative of course is to sell the project and let someone else take the risk on tomorrow's IO prices. In the current price madness, you'd think you could hock off an investment like that for a fairly attractive price.
 
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