Freeart another important consideration as to whether you still...

Freeart another important consideration as to whether you still hold or sell MGX must include China within that overall equation.
China is responsible for producing an astonishing 3/4 of the worlds wealth over the past 3 years and given their economony is contracting (due to developed countries financial mismanagement and associated consumer demand decline)their GDP is expected to fall below 8 % which was last seen in 2004.
Iron Ore $$ and volume simply cannot stand up to such drop in considerable China /Western country demand.

Unless MGX can negotiate new contracts with large steel mills elsewhere or gain support from investment banks they are in severe strife.

Cars /Buildings /Construction work are all being suspended or cancelled from production plans... These are tell tale signs on the prognosis for iron ore and therefore MGX.