gap btn fmg and mgx has widened today, page-3

As a long term holder of MGX, I love the stock and we have a great management team. I think the only thing missing is scale. There's something sexy about saying "we're the third force in IO" which is Fortescue given its ambitious plans of god knows how millions of tonnes - I think its 45m ramping up to 200m. We just can't say the same for MGX at the moment. And if you're a Chinese steel producer, Boasteel, Sinosteel, to name a few, in search of long term alternative supplies to BHP/RIO, Fortescue would rank ahead of MGX in terms of appeal. Whether they deliver is another matter. But the markets don't care for the time being. Yes, I believe MGX will very soon retest its recent high of almost $3.80