OK, so here's a tip in case you haven't been buying MGX in this 'sub .85c' window......
China's focus is back on the Environment so they will more than likely recommence their focus to purchase high grade IO....... The graph below from 'Scutty' demonstrates clearly how China's buying patterns have changed just recently with regard to higher grade IO and the increasing 'spread' between the grades.
It will again refocus the market on higher grade IO exporters......
Potentially a 'Good News/Bad News' situation for MGX (although good news overall...) with KI ramping up production of its 65%fe once the stripping phase completes over the next 6 months (good news) but potentially raises longer term doubts over their Midwest operations.....
"Here endth the lesson"
GLTAH
MGX Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
) with KI ramping up production of its 65%fe once the stripping phase completes over the next 6 months (good news) but potentially raises longer term doubts over their Midwest operations.....
(20min delay)