MGX 0.00% 30.0¢ mount gibson iron limited

Alex What is milk goes back to 20 c a liter and I can buy a...

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    Alex
    What is milk goes back to 20 c a liter and I can buy a house in Melbourne for 100k and for 10c I can buy a mix bag of lollies
    At sub 20 every IO producer is losing money . Thus supply will fall rapidly and the price will rebalance. Simple laws of demand and supply
    MgX only have 35 m to spend including continegency as that it approx 2 quartets of IH cash flow . They aren likely not going to deep below 420 m cash peak draw down so I would say not much to worry about
 
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