how much cash in the bank ?, page-4

Interesting. FMG once also expressed the desire to diversify into coal.

I wonder what coking coal assets MGX has in mind (naturally choice would be close to rail, likelihood of future Port allocations and also established producers near by or in the case of greenfield sites with big players also looking at developing near by).

They are dirt cheap now but capex to develop coal minese is huge.

Coking coal price is still way off the level deem attractive.

Perhaps MGX is looking at buying tenements, drilling, defining resource and then flogging them off when the next coal boom returns.

time will tell.