Maybe you should learn to read the reports in the companies you...

Maybe you should learn to read the reports in the companies you invest in.
Its smarter than guessing and being wrong.
MGX will only be digging low grade garbage until Sept qtr and NO production for Shine's 58% low grade garbage until Sept quarter.

"Development activities on the Shine Iron Ore Project in the Mid-West have accelerated with initial site works now commenced and shipments targeted for early in the September quarter."

Koolan Is is only going to be digging out low grade crap until the September Quarter.

"During the March and June 2021 quarters, shipped product grades are expected temporarily to reduce to an average of 58-61% Fe, reflecting an increased proportion of lower grade ore sourced from the upper west end of the Main Pit while the overburden stripping program continues in the high grade areas. High-grade (~65% Fe) material from the lower levels of the Main Pit is targeted for access in the September 2021 quarter."

The Midwest garbage is now completed.

"The successful Mid-West low-grade sales program concluded at the end of the quarter when available material was fully depleted. The program has yielded sales of 4.1 Mwmt and cashflow of $30 million since June 2019. Rehabilitation and closure activities are now underway at Extension Hill."

The fact remains that MGX will only be digging out a limited quantity of low grade garbage at US$139/tonne until September quarter, while others are producing high grade at US$260.80/tonne.

MGX is a sell with a 60c target. Maybe by Sept quarter it might be worth 80c, whilst other companies will have made profits of $100's millions whilst MGX will go backwards digging out low grade garbage for the next six months.