MGX 2.94% 33.0¢ mount gibson iron limited

Tokyo Legume is a little optimistic I think in his assumptions...

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    Tokyo
    Legume is a little optimistic I think in his assumptions
    Cash likely to be 30-33 cents at the end of June
    Margins are more like 30 -35 at present given high waste removal /stripping
    Having said that it does seen cheap but then again so do a lot of things at present. MGX has a different safety buffer due to cash
 
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