MGX 1.56% 32.5¢ mount gibson iron limited

December quarter predictions, page-40

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    Anyway we're on the march today - I still think that part of the rise even today is from the effect of the quarterly showing a rise in cash/investments(before FEX) from $162mil at 30Jun to $257mil at 30Sep and I would expect this part of the rise to get baked in to the share price with each quarterly rise in cash, the other part of the rise today is probably from the rise of around $2.25/t in the 65grade IO price yesterday that has been tempered by a rise in the exchange rate overnight from 63.3 to 64.3.
 
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