Whats your thoughts on the 5-7 million tonne prospect @ 60% for Iron hill.
I thought it would be a bit more - that works out at around 3-4 million tonnes which would add about a year to its extension hill operations.
Am I reading that right - if MGX can replicate that again at EH south then they might get another 2 years.
I am trying to work out if should buy in again at 1.10 mark (I sold out in the 90's) but would need to see a substantial upgrade in reserves to be confident of buying over 1.10.
MGX has done a great job in the last 18 mths - it just a question of value now that the EV is starting to climb above 600 million.
Thanks in advance
MGX Price at posting:
$1.12 Sentiment: None Disclosure: Not Held
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