Boahm
when comparing UMC to MGX it's not the price you must be looking at but the market cap.
Other comparisons to use are;
- tonnage and quality of Iron ore
- infratstructure
- stage of companys life cycle (bear in mind MGX is currently a producer) UMC is at least 2 years away from any $$ made from sale of it's iron ore.
Hope this helps
top 20 shareholders, page-50
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