MGX 1.64% 30.0¢ mount gibson iron limited

You have summed it up nicely mateReality for me isHigh...

  1. 2,400 Posts.
    lightbulb Created with Sketch. 123
    You have summed it up nicely mate


    Reality for me is

    High grades
    Improving production profile
    Access to port and rail long term agreements with plenty of capacity to grow
    Healthy margins 115 dry per tone sees a 55 buck per tone profit once we are owner miner this will increase to 65 if ore stays stable

    Own own fleet and moving to owner miner status to deliver more savings

    And the big one. Bucks of cssh with no debt


    All we need is more high grade and time to prove that everything is above board with the directors- have worked in governance foe one of the big 4 before trust me when I say this is a long process but mgx is actually on it's way- oversight committees etc

    Good luck my target is 1.60 some time this year

    Snake
 
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