MGX is a 3mpta producer so can't really compare. Also MGX will not ever produce the amount of IO that GBG plans to. MGX has high overheads and IMO is overvalued.
AGO has about the same market cap as GBG so they are in the same league. AGO has about half the shares of GBG on issue. However AGO will be a producer in Oct 2008 at 1mtpa. Although GBG plans 2mtpa by March 2009, but AGO has no finance partner for its magnetite, while GBG does. GBG also has the largest resource upside IMO, so that should be factored in.
Meh stuff it we are significantly undervalued just on a tonne basis of IO. WAKE UP AUSTRALIA GBG WILL BE GREAT.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
