In 2016, MGX was holding $350m cash, but the market capital was...

In 2016, MGX was holding $350m cash, but the market capital was below cash and asset. The SP was trading at 16-30c for 2 years. Today, MGX share price is at $1.14 and MC 1.29b. What has changed in 2 years? Higher iron ore price and a higher profit margin ($30 to $110 per tonnes). Just holding cash won't help SP. The market wants to see growth, higher profit margin, Instead of investing in other company shares 10-12%, buy LI producer company completely via equity or with cash plus shares. The best chance for GXY is to buy A40, increase the LI total production to 400-500k tonnes per annum and mining life to 10 years with more exploration.