Been doing some calculations on Mgx cashflow. 72000 tonnes per ship load out of ki at 88 usd makes 8.8 million when converted to aud! Minus shipping at 10 per tonne . Makes around 8 mill per ship load! They’ve done a great job of getting ki up and running and keeping cash balance high. Mgx still very cheap at these calculations! Correct me if I’m wrong!
Ann: Quarterly Activities Report, page-8
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