Daniel,
MGX aren't sitting pretty with resources in general. Specifically, though, they will have enough to get through the next 5 years or so, depending on their conversion from resource to reserve. Thats enough time to take full advantage of the current iron ore price wave, and read into that, fulladvantage to mop up juniors around them for more resources. Cash is King, and they're a cash generator. Given that, I wouldn't expect divvies from them, just growth - current turmoil excepted!
re:iron ore, page-9
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32.0¢ |
Change
0.010(3.23%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $251.4K | 801.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2417 | 31.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 186990 | 4 |
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