MGX 1.64% 30.0¢ mount gibson iron limited

re: mgx placement @ 17c I think wrongway suggested a fair value...

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    re: mgx placement @ 17c I think wrongway suggested a fair value around 25c but that was based on Tallering Peak in prodn and Mt Gibson not for a couple more years after. Looks like Mt Gibson will be fast tracked as a result of the placement.

    I think when they are both firing we could see 45-50c in medium term and 30 cents in next 12 months

    but it is risky they have not proven themselves yet

    certainly a good sign that placement was at a premium
 
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