As long as they can avoid any more 'incidents' such as the sea wall failure in 2014, the screening fire in 2022 and now the rockfall in the main pit recently then they should be OK as long as the iron ore price remains stable(which it never does).
As with every commodity stock it's a risk - you just have to figure out whether the risk is worth taking - in my opinion, you should only 'invest' your gambling money on resource stocks as they have no pricing power.
MGX Price at posting:
43.5¢ Sentiment: None Disclosure: Held
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