it might get worse, page-4

Surfie

Whats MGX debt levels and didnt they hedge at .88 so at .68 today are doing there dough bigtime on every IO shipment.

MMX has no hedge in place and according to the company all thier IO is being taken. Posco seem to be wanting everything offered.

BUT fact is fact and MMX need to mothball all those other projects especially Pillbara unless its gold they are chasing.

Casburn needs to be stopped and thing put on hold. Just mine and supply the ore that can and will be taken.

You are right it can only get worse for IO juniors but I hope at .55 cents the market has factored this in.

We can only wait and see now.