MGX 3.57% 40.5¢ mount gibson iron limited

I alluded to that in another earlier post. I wasn't going to go...

  1. 214 Posts.
    I alluded to that in another earlier post. I wasn't going to go any further but...

    if I was a midwest, gindalbie etc etc and only had at most 1mT tied up for any near (5 year) expansion at Geraldton I'd be looking to deal. I'd be very very surprised if Luke's phone hasn't been ringing off the hook (yep it has)... The way I described it to someone else was who would you want to be.. producer.. with cash .. explorer with tenaments.. perhaps hunter or prey.
    You're right.. Geraldton is KEY. In fact if you wanted the next mid sized producer.. (after portman) to take out to dilute CVRD, bhp etc.. where would you look..
    at a consolidator like MGX maybe?

    Like I said my bet is they won't last long...
    we already know about RMI.. and the players lining up that one.. (low grade ore body and all)... bring in oppenheimer.. and the chinese.. ??

    add on 19% and excellent management.. when this thing kicks.. it will move.
 
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