Hi Mac,
Agreed. For us, the cost/benefit analysis would need to be from the producer's perspective, i.e. does the premium price received more than offset the increased cost of production? That is the primary economic question. All things being equal, I suspect any iron deposit purchase MGX would consider would most likely be in their field of expertise, viz. DSO. But as others have mentioned previously, they have been unable to find anything to buy over the past few years. I only hope KI gets much bigger with additional drilling.
PS, some comparative info can be found here.
MGX Discount to cash, page-119
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31.5¢ |
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Mkt cap ! $383.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 11 | 261230 | 31.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 167423 | 3 |
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