MGX mount gibson iron limited

Honestly I didn't expect the frequency of ships still 6...

  1. 835 Posts.
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    Honestly I didn't expect the frequency of ships still 6 weeks remaining I thought Peter Kerr was taken us on a garden path - it's all coming to fruition.
    If they can do 4.2mt next financial year there is no reason why they cannot clear as a bare minimum $100 per tonne profit considering very low cost production - no trains, no trucks, no real labour, just ships nearby in Indonesian waters - could you imagine if they invested in automated trucks straight on a conveyer belt would have cash costs well below $40 per tonne.
    So one would believe next year should make at least $400 million profit.
 
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