MGX 2.34% 32.8¢ mount gibson iron limited

The rain cannot be helped however I took poitives out of it such...

  1. 2,674 Posts.
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    The rain cannot be helped however I took poitives out of it such as the Cash in the bank and the fact that they are going to owner operate and not hire contractors. They are employing experienced people from the contractors and as such will be keeping the profit that the contractors were making.

    Ore body quality looks good as well so going forward I think it is a positive outlook.

    The drop in production has happened and there is nothing that can be done about that (the past), but the weather is now improving and looking forward I think the outlook is positive.

    I am no expert however so it will be interesting to see how the market judges the report.
 
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