MGX 2.38% 43.0¢ mount gibson iron limited

interestedtooAfter MGX discounts are applied to the spot...

  1. 1,362 Posts.
    interestedtoo

    After MGX discounts are applied to the spot price
    they are barely making any money at all at $110!

    But if like you say they are making 16Mill per quarter
    that is not particularly great considering D&A{mine life}.

    The cash is great, except there doesn't seem to be any will
    to share it with the share holders!

    I suspect they will use the money for empire building.
    There could even be a capital raising to assist them with
    some purchase in the near future.

    Good Luck with the report anyway.
 
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