MGX Chart, page-19

On what basis? Financials would need to improve considerably to get anywhere near $1, and that would require a significant increase in the IOP. That's unlikely to happen as IO production is now much more responsive to pricing: there is a lot of excess capacity out there, particularly at lower grades.

I certainly believe an assault on the 1-year high of 58c high is possible maybe even, at a squeeze, the 3-year high of 72c. These lofty SPs were achieved on sales of over $640M and earnings of $173M. Compare that to the last AR's sales of $172M and earnings of $36M.

No doubt, bringing KI back on line will boost these latest numbers. On the negative side, income from Tellering Peak will cease (ops have long ceased, so this entry in the books was a legacy).

My point is that there is upside in this stock but, without speculative value through the prudent investment of its war chest, MGX is unlikely to achieve an SP of $1 in the foreseeable future.