IO up 5%, page-21

True Tokyo. The hedging was done at higher prices which will help , but for the market the key isn't this quarter , it's the IO price and how the market values the KI project . At present it not only doesn't count it is assumed MGX will not ever recover capital . If the market assumed they would make money but break even (usd 46 fines) then it should be trading at least at cash. So I think if the IO price can climb to high 60s and stay there for a while , MGX will move to high 30s low 50s

And then we have the BI pmnt that could happen any day