Ann: Quarterly Activities Report-MGX.AX, page-2

Wow.....

"Site cash costs at Koolan Island for the final quarter of production averaged A$24/wmt FOB1" . That is Rio like cost levels in the pilbara....

To me, this sentence alone from the quarterly emphasizes how important KI is to Mgx. I am all but certain m'ment are happy just to trundle along at EH and soon, IH, in the mid west in order to get themselves to a time where they obtain clarity, and certainty, around the reconstruction of the main pit seawall at KI.

It is clear that m'ment rate KI a top tier asset and are prepared to wait almost any length of time in order to get some resolution around the rebuild, with the ultimate objective of getting this asset re-started. KI has a large, high grade deposit, low costs per wmt, geographic advantage with regard to shipping costs...... it all seems just to good to be true.

Why wouldn't you wait to get clarity around such a prized asset, before deciding to spend sh's money on an acquisition/s?

I would think that an announcement re KI and the seawall will come within the next 6 months. Imo, this announcement will be the major sp mover for Mgx.

The sp may well be range bound until then, but i'll be still buying on the dips. Happy to continue to hold.

GLTAH.