MGX 1.44% 68.5¢ mount gibson iron limited

opportunity here

  1. 1,593 Posts.
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    This is a real situation or opportunity here.

    Many invesors would not truely understand this announcement.

    Will now have about 1 billion shars on issue......at current share price of 37 cents 9thats about ($370m market cap)

    Sure they will need this cash this financial year....when all produvtion will be sold at or near cost. Come 2009 though....near nomal operations EBIT will return. They say this morning up to 7MTPA PA at benchmark less 10%.....to would likes like a very strong new offtake partner.

    7MTPA even at those terms...nett profits should be about the size of the companies cap right now.
 
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