MGX Chart, page-11

Be mindful that management have stated in their quarterly reporting that Koolan will generate in the next 5 years on a conservative selling price of between $65 to $69t and an NPV of around $860m. The way spot price is going looks like will be well over $1 billion in pure cashflow.
We are more likely to see MGX generate in excess of $100million in profit year on year.
I can see as shareholders we get a capital return or some viable investment acquisition with IRR in excess of 20%.
A $1.40 share price is likely provided that spot price continue at these levels and who knows the aftermath from Vale where Iron Ore Price may go in the short to medium term.
DYOR