MGX 0.00% 30.0¢ mount gibson iron limited

Next Mining Boom Coming, page-8

  1. 2,000 Posts.
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    W
    I suggest you actually read the other's post properly, then, before you go off quoting them.  The US$101.60 price quoted is an MB65 FUTURES (ie, options) price, not an actual current price.  By the look of it, its an outlier anyway.  The current actual IOP is below US$80.  Sorry, I'd call that ramping; you opened your post with an "alternative truth"

    MGX doesn't need ramping if it just does its job.  As I've said with nauseating repetition in this forum: MGX's price is below cash backing because the market sees inherent risk of nondelivery and, more to the point, without a clue or a plan of what they'll do with the cash.  Consequently, the cash is discounted.
 
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