Management did say they are looking to invest into base metals...

Management did say they are looking to invest into base metals one would think would be outside the iron ore sphere.
Is it copper, zinc, lithium?
Or bulk materials does not necessarily mean continuation of iron ore.
With the influx of large cashflow prudent investment does take time. Stock prices are not at their all time high whilst interest rate remain higher will only provide opportunities - however not for long.
MGX will swing higher once interest rates drop and dividends are reinvigorated making this attractive once again. The opportunity for a acquisition takeover, merger or joint venture - the ball is in their court as large bank accounts do talk from time to time.